•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
PHOTO GALLERY
Visit Doc Center
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
CONTACT Us
BACK TO TOP
Producers
Kelly Witherspoon
Senior Managing Director
512.226.8706
kelly.witherspoon@berkadia.com
Michael Gonzalez
Senior Director
512.226.8718
michael.gonzalez@berkadia.com
Justin Chambers
Director
512.969.6838
justin.chambers@berkadia.com
Adam Sumrall
Director
512.960.2674
adam.sumrall@berkadia.com
Justin Cole
Managing Director
512.226.8711
justin.cole@berkadia.com
BOUTIQUE SUSTAINABLE LIVING WITH NATURE INSPIRED ELEGANCE
FLEXIBLE ZONING ALLOWS FOR MULTIPLE OPERATIONAL STRATEGIES
A WALKER’S PARADISE - UNPARALLELED ACCESS TO EAST 6TH STREET, CBD & THE ENTIRE AUSTIN MSA
Convenient Access to Light Rail Stop Adjacent to the Property
INVESTMENT HIGHLIGHTS
Juno East Austin was designed to be a market leader in efficiency. With just two floor plans being offered for an average square footage of 532 square feet, The Property maximizes every square inch of the space. The inspiring and thoughtful design of the units is highlighted by their open floor plan design with floor to ceiling windows that act as a centerpiece for each unit allowing ample amounts of natural light to fill the space creating a naturally bright ambiance. Additional unit features include sleek built-in custom kitchen cabinets, induction cooktops, stainless steel appliances, solid surface countertops, exposed natural wood, darkening roller shades, smart locks, lights and thermostats, and built-in LED lighting, among others.
Juno East Austin is currently zoned as a TOD-MU which enables an owner operator to run The Property as either a conventional multi-family deal or as a STR/Hotel-Motel according to Plaza Saltillo’s TOD District Land Use Table.
Juno East Austin is perfectly positioned to allow residents seamless access to CapMetros Red Line route with the Plaza Saltillo Sation being a stones throw away from The Property. The Red Line empowers residents at The Property with seamless connectivity to many of Austin’s most notable employment and entertainment hubs. Residents utilizing the rail system are 4-minutes from downtown Austin, 29-minutes from the Kramer stop providing direct access to entertainment hubs such as the Q2 Stadium and The Domain, 37-minutes from the Howard Lane stop providing immediate access to the ICU Medical facility, Amazon DAU1, as well as biking access to the Apple campus located on Parmer Lane, and 52-minutes from the Lakeline stop providing residents with easy access to amenities such as the Lakeline Mall.
The past five years in Austin have brought unprecedented growth to the City with many new developments, and entertainment districts taking shape across the MSA. Downtown, South Congress and The Domain account for a large portion of the headlines and growth. However, East Austin has established its own underlying growth story and personal identity. Rich in culture, entertainment, live music and restaurants, East Austin has become known for its “Keep Austin Weird” culture with some of the city’s most unique food, music, and entertainment scenes being found there.
Executive Summary
Berkadia’s Multifamily Investment Sales Team is pleased to announce the exclusive listing of Juno East Austin (“The Property”), a 24-unit Class-A apartment community located on the corner of 4th & Comal Street in the burgeoning East Austin submarket. Developed by Juno, the Property is built across 0.33 acres and delivers the first of its kind boutique, sustainable living that is unmatched within the submarket and greater Austin MSA. Furthermore, Juno East Austin is currently zoned under Plaza Saltillo’s “Transit Oriented Development – Mixed Use” (TOD-MU), providing a potential buyer with the flexibility to operate as traditional multifamily, short-term rental (STR) or a combination of both. The unique flexibility associated with The Properties zoning coupled with the close proximity to many of Austin’s most notable entertainment and employment destinations provides Juno East Austin with a competitive advantage that is hard to come by within the Austin MSA.
Juno East Austin is conveniently located just two blocks from one of Austins most popular destinations, East 6th Street. The Property’s exceptional location provides residents with seamless access to one of the most walkable neighborhoods in all of Austin. With direct walking access, residents can within minutes have access to 80+ restaurants and bars. Furthermore, Juno East Austin is directly adjacent to a five-mile bike path that provides direct connectivity, within minutes to Austin’s Central Business District (CBD), and the Plaza Saltillo Station, which is Capital MetroRail’s 32-mile commuter line with nine stops spanning from South to Northwest Austin.
Juno East Austin provides an investor a rare opportunity to own a premier boutique apartment community with operational flexibility that is hard to match in the heart of Austin surrounded by economic drivers in all directions.
Visit Doc Center
Visit Doc Center
Terms of Use
Privacy
Doc Center
Photo Gallery
Investment Highlights
Executive Summary
SEISMIC DEVELOPMENTS LEAD TO BILLIONS IN COMMERCIAL DEVELOPMENT
Juno East Austin stands to benefit greatly from the multitude of developments underway near The Property. Most recently, UT & MD Anderson announced a partnership with plans to build a specialty care hospital and a world-class cancer center in Austin. Through this project the region will see a significant boost and accessibility to world class care and treatment. The $2.5 billion investment will expand treatment options for thousands of patients and bring new research opportunities to students and physicians. The new world-class facility is being planned on the site of the Erwin Center, which is a short 5-minute drive from The Property. Once complete in 2029 the treatment facility will create 5,000+ jobs. Governor Gregg Abbott said, “rather than have Texans travel to Houston, we will now be bringing the world’s best cancer care to them right here in Central Texas.”
Contact
Investment Highlights
Executive Summary
DOC CENTER
Terms of Use
Privacy
Photo Gallery
Contact
CONTINUED EMPLOYMENT EXPANSION AND RELOCATION
Juno East Austin is engulfed by employment opportunities in all directions. With a plethora of small boutique creative office spaces being the focal point of East Austin, larger more notable employers within 15-minutes of the Property consist of Applied Materials, Meta, Google, Accenture, Ascension Texas, Deloitte, Whole Foods, and Oracle, among others. These Companies collectively employ tens of thousands of high-earning jobs and have helped drive Austin to having the 5th highest average tech wage in the country ($157k), trailing slightly behind San Francisco ($174k), Seattle ($168k), New York ($158k) and Boston (158k).