AUSTIN, Texas — Editors Note: The attached video is a part of the Boomtown2040 series.

The Railyard condominiums have been sold to Los Angeles-based Karlin Real Estate for the price of $104 million, according to a report from our news partners the Austin American-Statesman.

The property contains 112 units spanning two adjacent half city blocks on East Fourth Street.

RELATED:

Austin retail space that is home to Waterloo Records has new owner

In 20 years, Austin’s population will be 4.5M. Here’s what Austin will look like

According to the Statesman, Connie Heyer, the condominium's homeowner's association legal counsel, wrote a letter to the owners that included a spreadsheet showing what percentage share of sales proceeds should be distributed to each unit based on appraisal.

A Railyard resident told the Statesman that the prices units received ranged from $540,000 to $1.6 million.

Local real estate experts told the Statesman that at $1,471 per square foot, they believe it to be a record for Downtown Austin land.

RELATED:

State leaders working on 2045 plan to improve transportation, taking feedback

Affordable housing units coming to former Austin ISD land

Downtown landowner and developer Perry Lorenz said a sale close to $1,500 per square foot would be more than twice the highest sale price paid last year, according to the Statesman.

The Statesman reported the listing was made through the commercial real estate firm CBRE.

CBRE Senior Vice President John Barksdale predicted last year that the offering would attract interest from both national and international prospects, according to the Statesman.

WATCH: CapMetro proposes updated Austin transit plan

PEOPLE ARE ALSO READING:

Mexican cartel drug ring busted in North Austin, 18 arrested

Beto O'Rourke suspends his presidential campaign

10 state propositions will be on the ballot this Election Day. Here’s what you need to know

Austin's Bull Creek Foundation: Do not decorate Loop 360 trees for the holidays