Sock Club Acquires 203221 SF Office Building At 1106 Clayton Lane In Austin From Omninet Capital

The transaction involved a multi-tenant office building located at 1106 Clayton Lane in Austin, Texas. The property spans 203,221 square feet and sits on 7.18 acres. At the time of closing, it was 59% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Noah Lee
• Seller: Omninet Capital
• Buyer's Representative: Michael Bullard - Dovetail Commercial
• Seller's Representatives: Chase Gardner & Scott LaMontagne - NorthMarq; Doug Rauls - Colliers

The sale of this property signifies one of only two multi-tenant office transactions in Austin for 2024. The buyer, Sock Club, has plans for significant renovations and upgrades to the property following the purchase.