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1011 South Congress Avenue

Updated Sep 30, 2026

Dan Friedkin Of Pursuit Sports Leases 7,000 Square Feet Office At 1011 South Congress Avenue
LEASEDOffice

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:

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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Office

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Players

Dan Friedkin

Broker

$6M

vol

1 deal

Broker
Pursuit Sports
Pursuit SportsBuyer
Endeavor Real Estate Group
Endeavor Real Estate GroupLandlord

Dan Friedkin

Pursuit Sports

Tenant

$6M

vol

1 deal

Tenant
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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

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