Bankruptcy Auction – Austin, TX Portfolio of Office Buildings and Retail Strip Center

BANKRUPTCY AUCTION:
Minimum Bid for Entire Portfolio: $75,836,418
Bid Deadline: 2/7/2023
Auction: Date: 2/14/2023
Subject to Bankruptcy Court Approval

 Keen-Summit Capital Partners LLC has been engaged by Dawn Ragan Chapter 11 Trustee for WC Braker Portfolio, LLC, Debtors, as exclusive marketing agent and broker for the sale of thirteen single-story office buildings and one retail strip center in Austin, TX .
The sale of the Portfolio is subject to approval by the Bankruptcy Court.

Potential Multi-Family Redevelopment

The following factors provide a steady cash flow for an investor:

  • The portfolio consists of approximately 544,497 sq. ft. of office space and a 15,302 sq. ft. retail strip center
  • Located in the second fastest growing city according to CNBC
  • Located near the regional headquarters of Amazon, IBM and Charles Schwab
  • The portfolio generates significant net income with value add opportunity
  • Austin is very affordable to live, below the national average and significantly below many major markets
  • No personal state income tax

Flyer – Click Here

Bankruptcy Court – Bid Procedures and all dates/deadlines therein are subject to bankruptcy court approval, which has not yet occurred.

  • Sale Motion – Click Here
  • Sale Motion Exhibits, Bid Procedures, PSA, Notices – Click Here
  • Notice of Modified Proposed Bid Procedures Order and Bidding Procedures – Click Here
  • Order Approving Bid Procedures – Click Here

Interactive Map – Click Here

If you are looking for additional information, please visit our virtual data room at www.AustinTX-OfficePortfolio-BankruptcySale.com

Office PropertyAddress% LeasedSq. Ft.
Braker One2100 Kramer Lane47.23%102,454
Braker A1836 Kramer Lane47.59%45,242
Braker B1908 Kramer Lane41.48%58,668
Braker D1901 W Braker Lane100.00%30,825
Braker E1909 W Braker Lane14.61%41,550
Braker F1817 W Braker Lane100.00%41,550
Braker G11109 Metric Blvd73.88%28,210
Braker I11101 Metric Blvd100.00%56,995
Braker J11009 Metric Blvd100.00%42,787
Braker M111500 Metric Blvd0.00%24,625
Braker M211500 Metric Blvd49.33%22,344
Braker M311500 Metric Blvd22.71%22,344
Braker M411500 Metric Blvd71.08%26,904
Retail PropertyAddress% LeasedSq. Ft.
Lonestar Center1910 W Braker Lane100%.0015,302
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