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1031 Exchange Pushes Transfer of Southwest Submarket Building

AUSTIN-A New York investor steps up to buy a 9,214-sf building along Camp Craft Road. The buyer gets a tenant signed to a five-year lease. ASC Management was seeking $1.7 million for the one-year-old structure.

By Tim Green | Updated on July 29, 2002

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.

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