Asset Type
Office
Location
Austin, TX
Year Acquired
2021
Square Footage
485,000 SF
Occupancy Rate
91%
Current Value
$142M
Property Overview
Meridian Gateway Office Park is a premier Class A office campus situated in the heart of Austin’s thriving tech corridor. Comprising three interconnected buildings totaling 485,000 square feet, the park offers modern amenities including collaborative workspaces, a full-service conference center, and on-site food and beverage options. The property’s campus-style design and sustainable building practices have attracted a roster of high-credit technology and professional services tenants, maintaining strong occupancy through multiple market cycles.
Financial Highlights
$98M
Acquisition Value
$142M
Current Valuation
$7.8M
NOI
5.5%
Cap Rate
14.2%
IRR
1.8x
Equity Multiple
Gallery