August 13, 2019
A foreign owner ended its close to 10-year hold on an industrial flex property at 8816 Cullen Ln. in south Austin. The selling entity, operating under the name Little Dinnyland Inc., sold the 15,000-square-foot asset to Austin-based buyer AEBM Real Estate Inc. Ryan Wilson and Jason Steinberg SIOR, with Equitable Commercial Realty, represented the seller in the transaction.
Built in 2009 on 1.9 acres, the property once housed iPlay Austin, an inflatable playground geared toward family with children. According to ECR, the overseas owner wanted to find an immediate buyer, due to a tenant in default. ECR also noted that the building represented one of the highest sale prices per-square-foot in the submarket, though the sales price was not disclosed.
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