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CBRE Brokers Sale Of West Side Village Retail Property In Austin To Riverside Investment Firm
SOLD
Texas
See Similar DealsRetail102,784 SF
Sold 11/01/2023
SOLD
CBRE Brokers Sale Of West Side Village Retail Property In Austin To Riverside Investment Firm
1214 West 6th Street & 1312 West 6th Street
See Similar DealsRetail102,784 SF
Sold 11/01/2023
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:102,784 SF
Transaction Type:Sale
The 51,392-square-foot vacant West Side Village retail property near downtown Austin has been sold in a recent transaction. Located at 1214 West 6th Street and 1312 West 6th Street, the property offers potential for redevelopment. The sale was brokered by CBRE, and the property was purchased by Austin-based investment firm Riverside.
Summary of transaction details:
- Property Type: Retail
- Square Footage: 51,392
- Acres: 1.75
- Address: 1214 West 6th Street & 1312 West 6th Street
- Market: Austin
The sellers of the property were Stonelake Capital Partners, represented by Kenneth E. Aboussie, Jr., and Schlosser Development, represented by Bradley Schlosser. The brokerage services were provided by Bradley Bailey and Logan Reichle of CBRE. The transaction offers an opportunity for Riverside to capitalize on the property's redevelopment potential.
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Operating Income
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