Elon Musk's XAI Leases 112,000 Square Feet Office Space In Austin From Cushman & Wakefield
800 West Cesar Chavez Street
Building Size
112,000 SF
Asset Type
Office
Closing
Apr 16, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 800 West Cesar Chavez Street in Austin, comprising a total of 112,000 square feet. This space was previously occupied by Athenahealth and is now primarily utilized by xAI, which is associated with Elon Musk. The leasing activity represents a significant event in the current slow-leasing Austin office market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 800 West Cesar Chavez Street
- Market: Austin
- Square Footage: 112,000
- Tenant: Elon Musk - xAI
- Brokers: Cushman & Wakefield & CBRE
This leasing agreement indicates an early movement in the real estate sector related to Musk's broader Terafab initiative. The potential for occupancy is also linked to other ventures such as Tesla, SpaceX, and Intel.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93