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Proven Execution

8816 Cullen Lane

Owners + Investors, Industrial

Challenge

ECR was hired to solve for the proper disposition of their client’s 15,000 square foot office/warehouse property in South Austin. The ownership of 8816 Cullen Lane was very interested in finding an immediate buyer, due to a tenant in default and ownership being overseas. ECR’s initial goal was to assist in positioning the asset for a quick and top of market price sale. When ECR was engaged, 8816 Cullen Lane was slated for disposition within a 5-7 month window.

Strategy

ECR and Client worked together to create a clear and accurate schedule, pricing, and strategy for the Property. Throughout the planning effort, ECR researched and prepared reports on all recent comparable sales transactions as well as similar properties that were on the market at that time. Once pricing was established, the ECR team created an aggressive marketing campaign designed to directly target all potential users as well as local and regional real estate investors and brokers. This plan was immediately implemented as ECR approached and presented the opportunities to all neighbors, prospective tenants/users, as well as investors that would likely be the best suitor for the property.

ECR was instrumental in the sale of our office/warehouse property in South Austin. ECR’s team members provided many solutions when challenges arose, and they provided constant communication throughout the entire sale process. My partners and I were in great hands with ECR and would recommend them to assist with any commercial real estate needs on your horizon.

Tony Goodall

Results

ECR successfully represented the sale of 8816 Cullen Lane; a 15,000 SF office/warehouse building situated on 1.95 acres located just off Interstate 35 in South Austin. ECR sourced a qualified buyer for the property and was able to negotiate the optimal sales price. By letting all potential suitors know about the opportunity and then leveraging all interest, the buyer was quickly selected. ECR attributes this success to 8816 Cullen Lane and their client’s ability to be extremely responsive and decisive after all information was presented, which was all done from being overseas. This building represents one of the highest sale prices per square foot in the South Austin submarket for a warehouse building.

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