111 Congress
An office property in Austin, Texas. Securitized in 1 CMBS deal in 2026.
$203.0MAppraised value (latest deal)
90.1%Occupancy
$21.5MUnderwritten NOI
10.6%Implied cap rate
- Address
- 111 Congress Avenue and 206 East Cesar Chavez Street, Austin, TX 78701
- Property type
- Office · CBD
- Year built
- 1985
- Size
- 519,959 SF
- Sponsor
- Canyon Creek Real Estate
- Loan purpose
- Acquisition
- Largest tenant
- Workrise Technologies
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2026-5C43 | 2026-10-14 | $203.0M | 90.1% | $21.5M | 10.6% | $80.0M | 67.2% | 2.03x | 424B |
Historical NOI reported in BBCMS 2026-5C43
| Period ending | NOI |
|---|---|
| 3/31/2026 | $20.1M |
| 12/31/2025 | $19.6M |
| 12/31/2024 | $17.9M |
More CMBS properties in Texas →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.