AUSTIN-An investor has purchased a southwest submarket office building. In the 404 Camp Craft Rd. building, Sabina Barszap of New York, gets a one-year-old 9,214-sf building that's 100% occupied by one tenant, who's signed to a five-year lease.
The seller was ASC Management. The sale price is not available, but the asking price was $1.7 million. Barszap used 1031 Exchange money to make the purchase, according to Helen Jobes of Austin-based Gold Eagle Investments. She represented ASC.
The building was completed in June 2001. It is a design of Austin architectural firm Antenora Architects. The building is one of several small office structures tucked away along Camp Craft Road between Bee Cave Road and Westbank Drive.
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