Dan Friedkin Of Pursuit Sports Leases 7,000 Square Feet Office At 1011 South Congress Avenue
1011 South Congress Avenue
Building Size
7,000 SF
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The property involved in this transaction is located at 1011 South Congress Avenue, Austin, TX. It consists of office space totaling 7,000 square feet. The landlord for this asset is Endeavor Real Estate Group. The tenant for this lease is Dan Friedkin, associated with Pursuit Sports, which is undertaking a renovation valued at $200,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $200,000
- Address: 1011 South Congress Avenue
- Market: Austin, TX
- Landlord: Endeavor Real Estate Group
- Tenant: Dan Friedkin - Pursuit Sports
- Total Square Footage: 7,000
Pursuit Sports, led by the Friedkin family, is expanding its office presence at Music Lane in Austin. The new space is part of a 163,000-square-foot mixed-use property, as the Friedkins pursue an NHL franchise in either Austin or Houston.
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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