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East Austin | Crown Jewel | The Otto

East Austin | Crown Jewel | The Otto

“The Otto on Cesar Chavez will be one of the crown jewels of East Austin. Most 100 year old buildings are being torn down for large developments, but the owners of this property have gone to great lengths to save the building. Spring 2019 will see a new building delivered in an old shell.” ~ DeLea Becker

2018 Profiles in Power Nominees Announced

2018 Profiles in Power Nominees Announced

The Austin Business Journal just announced the 2018 nominees for the Profiles in Power award. This award honors Women of Influence around Central Texas who are making a difference in their community. DeLea Becker, one of the nominees, is a broker and founder of Beck-Reit Commercial Real Estate, LLC.

What does $1 Million Dollars buy you in Commercial Real Estate in Austin?

What does $1 Million Dollars buy you in Commercial Real Estate in Austin?

A traditional Commercial Loan requires 20% down minimum.  

Downpayment is based on Borrowers Experience, Financials, and Credit.

$1 Million Dollar purchase requires a minimum of 20% down.  For new Commercial Buyers we recommend 25%-30% down for qualification. So your downpayment will be a minimum of $200,000.

Wondering what you can buy if you have a $200,000 downpayment?

We pulled some listings currently on the market in Austin Texas to give you an idea of what is available.

 

South Austin Building for Sale.png

Great 1940s converted bungalow. Excellent visibility and signage on Manchaca near Lamar.

Price: $975,000

Building Area: 2,336 SF

Austin Auto Shop for Sale.png

Nice Location on N. Highway 183.

Price: $950,000

Building Area: 4,446 SF

South Lamar Building for Sale.png

Rare Location on South Lamar, Great Signage, Free Standing, Creative Office Space or Retail.

Price: $985,000

Building Area: 1,290 SF

Central Austin Building for Sale.png

Central Austin near Burnet Rd.

Price: $998,000

Building Area: 4,800 SF

Minimum Downpayment = $200,000

Tax Code Update and it's Impact on Commercial Real Estate

Tax Code Update and it's Impact on Commercial Real Estate

As a Commercial Real Estate Broker I am often asked for guidance on decisions my clients are making.    No matter the transaction size we want our clients as educated as possible on legal and tax implications.

 

Austin |  1106 S 8th Street | Commercial Property Lease

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Austin | 1106 S 8th Street | Commercial Property Lease

1106 S 8th Street | Commercial Property Lease

“Several businesses are looking just around downtown for space in order to avoid the sky rocketing triple net costs (taxes,insurance, and common area maintenance) and congestion.  With locations such as this one several businesses are finding that they have everything they need and can still get into downtown easily when they need to.  It’s really the best of both worlds.”

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