Riverside Acquires 504 Lavaca Street Office Building From Unico In Austin, TX
504 Lavaca Street
Building Size
122,000 SF
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 504 Lavaca Street in Austin, TX. The building spans approximately 122,000 square feet and is situated on 0.8 acres of land. It is an 11-story office building, referred to as Lavaca Plaza.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Buyer: Riverside
- Seller: Unico
- Square Footage: 122,000
- Address: 504 Lavaca Street
- Market: Austin, TX
- Brokers: Ryan Stevens & Drew Fuller - JLL
Riverside has acquired the Lavaca Plaza office building from Unico, with plans that may include redeveloping the existing structure into up to 882,090 square feet or opting for a renovation of the current building. Ryan Stevens and Drew Fuller represented the buyer in this transaction.
On the Map
Office
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Lavaca Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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