December 1, 2016
Long View Equity, a real estate investment company headquartered in Austin, TX, acquired the 34,432-square-foot Houston Building, located at 9015 Mountain Ridge Dr. in northwest Austin. Scott Herbold with CBRE represented Long View in the sale; seller 9015 Partners L.L.C. of San Antonio was represented in-house by REOC San Antonio’s Todd Gold. The sales price was undisclosed, with the asset valued at $5 million by the Travis Central Appraisal District.
The three-story, multi-tenant building is situated on 2.8 acres and is 100% leased, with tenants including Capitol Senior Care, Watts Dental, City Bank-Lubbock and Texas Farm Bureau Insurance. Long View plans a long-term hold of the more than two-decade-old property. The company will invest money in upgrading the building, which will include refreshing the common areas.
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