2498 East 6th Street
Austin, TX 78702
Type: Office
Size: 80,000 sq. ft.
Built: 1971/1973
Investment Date: March 2017
Strategy: Value Add
The property is located in East Austin, Texas, a rapidly gentrifying micro-market within 1.5 miles from the center of Austin CBD and 10 minute walk to the light rail station.  The East Austin neighborhood is quickly becoming one of the most progressive areas of Austin.  This asset currently consists of four tracts totaling 3.06 acres with two adjacent warehouse buildings which will be repurposed and converted to creative office space.  The rehab will include an additional 15,000 square feet of mezzanine office space, which will bring the fully rehabbed square footage to 82,000 square feet.  The remaining area will provide parking for the facility.  Once completed, the development will deliver Class A creative office space that is unique to the market and difficult to replicate.  Construction has commenced and expected delivery to the market will be 2nd Quarter 2018.  EverWest acquired the asset in March 2017.

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