701 Brazos St O-2, Austin, TX 78701 – Office Building High Rise 5+ stories

OfficeYear Built 1985Total Assessed Value $74,000,000County Travis

Property Details

The Office property 701 Brazos St O-2, Austin, TX 78701 is located in Travis County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $74,000,000.

The gross building area is 383,532 square feet and the land area is 38,115 square feet for this Office Building High Rise 5+ stories built in 1985.

Legal description: Unt O-2 Austin Centre Condominium The Plus 50.0 % Int In Com Area

$74,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 701 Brazos St O-2, Austin, TX 78701, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area383,532

Land Size38,115

Land Value$24,774,750

Improved Value$49,225,250

Total Assessed Value$74,000,000

Year Built1985

County NameTravis

Account Number754190

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space2860

HeatingNone

Roof CoverOther

Type ConstructionOther

No of Stories2

Garage TypeParking structure 0

Sales History

10/1/2021

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

10/1/2021

Transaction Details

acquired the property from through a Other transaction on 10/1/2021 for .

6/15/2016

Arms-length$87,500,000

Buyer

Sidra Austin Llc

Seller

Tr Austin Centre Llc

Book Number

2016.94357

Recording Date

6/15/2016

Transaction Details

Sidra Austin Llc acquired the property from Tr Austin Centre Llc through a Arms-length transaction on 6/15/2016 for $87,500,000.

4/24/2013

Arms-lengthNot Disclosed

Buyer

Tr Austin Centre Llc

Seller

Wtcc Austin Investors V Lp

Book Number

2013074002

Recording Date

4/24/2013

Transaction Details

Tr Austin Centre Llc acquired the property from Wtcc Austin Investors V Lp through a Arms-length transaction on 4/24/2013 for .

3/20/2012

Other$163,700

Buyer

Seller

Lauritzen Marie C

Book Number

Recording Date

3/20/2012

Transaction Details

acquired the property from Lauritzen Marie C through a Other transaction on 3/20/2012 for $163,700.

5/1/2007

Other$75,000,000

Buyer

Seller

Book Number

Recording Date

5/1/2007

Transaction Details

acquired the property from through a Other transaction on 5/1/2007 for $75,000,000.

Property constructed in 1985

YSale Price (USD) byXSales Year

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Mortgage History

6/15/2016

Helocs both purchase money and non purchase money helocs$70,000,000

Borrower

Sidra Austin Llc

Lender

Insurance Strategy Funding V Llc

Book Number

2016.94359

Recording Date

6/15/2016

Transaction Details

Sidra Austin Llc borrowed the property from Insurance Strategy Funding V Llc through a Helocs both purchase money and non purchase money helocs transaction on 6/15/2016 for $70,000,000.

Property constructed in 1985

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$45,738,000	$59,754,513	$105,492,513	$105,492,513	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	CBD	C01466	38,115	383,532
2025	$24,774,750	$49,225,250	$74,000,000	$74,000,000	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	CBD	C01466	38,115	383,532
2024	$24,774,750	$108,590,710	$133,365,460	$133,365,460	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	CBD	C01466	38,115	383,532
2023	$26,013,488	$122,986,512	$149,000,000	$149,000,000	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	CBD	C01466	38,115	383,532
2022	$10,125,250	$148,874,750	$159,000,000	$159,000,000	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	CBD	C01466	38,115	383,532
2021	$10,125,250	$148,874,750	$159,000,000	$159,000,000	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	50CBD	C01466	38,115	383,532
2020	$10,125,250	$159,374,750	$169,500,000	$169,500,000	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	50CBD	C01466	38,115	383,532
2019	$10,125,250	$143,929,758	$154,055,008	$154,055,008	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	50CBD	C01466	38,115	383,532
2018	$10,125,250	$134,159,748	$144,284,998	$144,284,998	Sidra Austin Llc	701 Brazos St Ste 19...	Unt O-2 Austin Centr...	50CBD	C01466	38,115	383,532
2017	$10,125,250	$115,544,062	$125,669,312	$125,669,312	Tr Austin Centre Llc...	% Lincoln Property C...	Unt O-2 Austin Centr...	50CBD	C01466	38,115	383,532

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Showing 1 to 10 of 18 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
701 Brazos St O-2, Austin, TX 78701	754190	Office	Office Building High Rise 5+ stories	Sidra Austin Llc	Travis	-	$ 87,500,000	2016-06-15	$ 228.14	1985	383,532	-
1301 S Mo Pac Expy, Austin, TX 78746	455135	Office	Office Building High Rise 5+ stories	G&i Vii Barton Skyway Lp	Travis	2.9	$ 46,550,000	2025-08-14	$ 203.49	2001	228,753	-
1250 S Capital Of Tx Hy, Austin, TX 78746	111182	Office	Office Building High Rise 5+ stories	Atx Office Owner 5 Lp	Travis	5.0	$ 44,838,232	2025-11-13	$ 156.29	1983	286,889	-
13785 Research Blvd, Austin, TX 78750	R496857	Office	Office Building High Rise 5+ stories	Fpg Aspen Lake Owner Lp	Williamson	13.9	$ 44,791,645	2025-08-06	$ 94.40	2007	474,472	-
805 Las Cimas Pkwy, Austin, TX 78746	455196	Office	Office Building Low Rise 1 - 4 stories	Redus Properties Inc	Travis	5.6	$ 54,000,000	2024-06-04	$ 344.65	2000	156,682	-
807 Las Cimas Pkwy, Austin, TX 78746	455195	Office	Office Building Low Rise 1 - 4 stories	Redus Properties Inc	Travis	5.6	$ 54,000,000	2024-06-04	$ 344.65	2001	156,682	-
1124 S Interstate Hy 35, Austin, TX 78704	283706	Office	Office Building Low Rise 1 - 4 stories	Housing Authority Of Coa	Travis	1.6	$ 4,326,564	2024-07-26	$ 37.01	1978	116,918	-
4030 W Braker Ln, Austin, TX 78759	548249	Office	Office Building Low Rise 1 - 4 stories	Stonelake Holdings Llc	Travis	9.0	$ 13,000,000	2024-07-01	$ 112.72	1987	115,328	-
900 S Capital Of Tx Hy, Austin, TX 78746	109593	Office	Office Building Low Rise 1 - 4 stories	Mi Las Cimas Iv Llc	Travis	5.5	$ 35,500,000	2024-06-05	$ 250.00	2007	142,000	-
8701 N Mo Pac Expressway, Austin, TX 78759	251443	Office	Office Building Low Rise 1 - 4 stories	Mopac Atrium Investments Llc	Travis	7.4	$ 16,308,014	2024-12-18	$ 134.82	1982	120,960	-
3100 S Gessner Rd Ste920, Houston, TX 77063	1093870000005	Office	Office Building High Rise 5+ stories	Gessner Prntrs Ltd	Harris	137.6	$ 3,059,000	2025-07-09	$ 10.62	1981	287,972	920

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	701 Brazos St O-2, Austin, TX 78701	—	-	38,115	1985	383,532	$ 74,000,000	$ 24,774,750	-
Jpmorgan Chase Bank Na	212 Lavaca St, Austin, TX 78701	09/04/2025	$ 144,000,000	3,646	2010	39,023	$ 14,219,926	$ 820,069	Rhp Block 21 Llc
Bank Of America Na	1880 Dairy Ashford St, Houston, TX 77077	07/24/2025	$ 3,995,000	221,285	1983	168,970	$ 7,312,879	$ 1,327,710	Concordance Realty Llc
Woodforest National Bank	950 University Ave W, Georgetown, TX 78626	07/18/2025	$ 4,200,000	173,804	2005	27,288	$ 6,000,000	$ 3,168,455	Tpi Copper Oaks Llc
Keystone Bank Ssb	201 Cr 138, Hutto, TX 78634	06/23/2025	$ 9,000,000	127,718	2023	35,592	$ 10,054,545	$ 802,069	Pflugerville Mob Partners Llc
Transamerica Life Insurance Co	575 N Dairy Ashford Rd, Houston, TX 77079	06/17/2025	$ 23,500,000	189,473	2007	321,338	$ 47,000,000	$ 10,657,856	Gvaoii 575 Dairy Ashford Llc
Standard Insurance Company	275 Se Inner Loop, Georgetown, TX 78626	05/01/2025	$ 4,000,000	130,027	2019	22,000	$ 4,106,477	$ 1,038,414	Inner Visions Llc
Gsf 20231 Llc	1900 Aldrich St, Austin, TX 78722	04/15/2025	$ 27,500,000	7,815	2020	20,000	$ 11,900,000	$ 351,631	Nineteen Hundred Alpha Llc
Midfirst Bank	15915 Katy Fwy, Houston, TX 77094	03/18/2025	$ 8,000,000	157,120	1983	108,336	$ 8,988,969	$ 2,946,000	15915 Katy Fwy Llc
Wells Fargo Bank Na	900 Threadneedle St, Houston, TX 77079	03/18/2025	$ 61,125,000	143,717	1982	206,714	$ 17,523,832	$ 4,311,510	Lffp Ashford Borrower Llc
First Natl Bankcentral Texas	1105 Wooded Acres Dr, Waco, TX 76710	01/21/2025	$ 500,000	155,557	1987	81,732	$ 7,100,000	$ 1,878,340	One Wooded Acres Plaza Llc

Mean$ 23,070,595

Median$ 6,966,962.5

Loan Amount Range$ 500,000 - $ 144,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
701 BRAZOS ST # 506, AUSTIN, TX 78701-3258	SPACE CHIMP MEDIA	5122617800	MARKETING CONSULTANTS
701 BRAZOS ST STE 375, AUSTIN, TX 78701-3342	SOFT CHOICE CORP	5129169376	COMPUTER SERVICES
701 BRAZOS ST, AUSTIN, TX 78701-3258	FFF	4125326127	NONCLASSIFIED ESTABLISHMENTS
701 BRAZOS ST, AUSTIN, TX 78701-3258	SETTLEMYTAXPROBLEMS.COM	5126106598	ADVERTISING-COMPUTER
701 BRAZOS ST STE 170, AUSTIN, TX 78701-2577	AUSTIN PARKS FOUNDATION	5124771566	NATURE PARKS & OTHER SIMILAR INSTITUTIONS
701 BRAZOS ST STE 380, AUSTIN, TX 78701-3232	US LEGAL SUPPORT	5124770477	SECRETARIAL & COURT REPORTING SERVICES
701 BRAZOS ST # 1617, AUSTIN, TX 78701-3258	META SAAS	5126669648	NONCLASSIFIED ESTABLISHMENTS
701 BRAZOS ST STE 960, AUSTIN, TX 78701-2574	JOE LONG INVESTMENTS	5124721554	INVESTMENTS
701 BRAZOS ST STE 1616, AUSTIN, TX 78701-2653	JOYRIDE CONSULTING	5128145341	CONSULTANTS-BUSINESS NEC
701 BRAZOS ST, AUSTIN, TX 78701-3258	BRITTON BRITTON INSURANCE	5124539282	INSURANCE

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License Details

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