Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!

Beck-Reit recently represented the Landlord in an East Austin office listing. It was under contract within a week. The following tips detail how we made it happen.

🎉 Excited and Honored to Win the "Queen of East Austin” Award! 🎉

I'm absolutely thrilled to share that I've been selected as the recipient of the Economic and Community Improvement 2023 Award by CREW Austin. This award holds a special place in my heart as it recognizes the incredible journey I've had in East Austin over the past 23 years.

What is triple net rent or N-N-N? Triple net rent, or N-N-N rent, is a type of commercial lease agreement where the tenant is responsible for paying all the operating expenses of the property in addition to the Base Rent. The operating expenses include property taxes, insurance premiums, and maintenance fees. This means that the tenant is responsible for all the costs associated with the property’s operation and upkeep, and the landlord is only responsible for the structural components of the building. Triple net rent agreements are commonly used in commercial real estate leasing situations where landlords want to pass the property’s expenses on to tenants without having to manage those expenses themselves.

Once again, the Austin Area Heritage Council has organized the annual Martin Luther King Day Celebration and activities. The Annual Community March is a celebration of Dr. King and his legacy while promoting the importance of multiculturalism and diversity within Austin. This year’s celebration includes the march, the community festival, and a food drive.

See Below for an Overview of the last 6-months at Beck-Reit Commercial Real Estate, and Scroll to the Bottom for DeLea’s Notes and Takeaways from Rednews' Recent AUSTIN RETAIL FORECAST PANEL

Any good Commercial Real Estate investor plans on their investment properties appreciating in value. But when the time comes to sell, owners are staring down the barrel of a 20% capital gains tax (+ depreciation recapture). A 1031 Exchange is the savvy investor's answer. By moving sale proceeds into a "like-kind" property, investors can avoid their capital gains tax incidence and #protectthegain. The process is time-sensitive, which becomes all the more pressing in hot markets like East Austin. Luckily at Beck-Reit Commercial we are experienced 1031 experts, having used the process time and again throughout our investment career to compound our investment success. We know just how quickly time can fly in these transactions.

It started when DeLea and Mark met for the 1st time for breakfast at Chumikals in 2017 (a favorite East Austin Joint for both) and the breakfast stretched into lunch. A couple of days later the property was toured and under contract - the rest is Award-Winning History!

The inspiring architects at Dick Clark & Associates have been rightfully recognized for their incredible office design at 2120 E 7th St - winning the Austin Business Journal’s 2021 CRE award for Best Office Rehab.

Originally an 80s pawnshop, 2120 E 7th was built like a concrete bunker with just one window and no insulation or even air conditioning for most of the space. DCA’s ground up design and construction has transformed the site into an eye-catching functional space perfect for creative office and retail needs.