512-637-5528
20424 Haystack Cv, Spicewood, TX for Sale
Medical - FOR SALE
1/4
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20424 Haystack Cv
Spicewood, TX 78669
Far West Austin


HIGHLIGHTS

  • Three Property Medical Office Portfolio in West Austin - Available on Individual Property or Portfolio Basis
  • Anchored by Texas Children's Pediatrics (54% NRA; 7+ Years Remaining Term; AA- Credit Rating)
  • 100% Leased to Complementary Pediatric Practices
  • Premier Hill Country Submarkets of Bee Cave, Spicewood, and Dripping Springs
  • Exceptional Demographics in the Path of Growth
  • 6+ Years of Weighted Average Remaining Lease Term

OVERVIEW

Cushman & Wakefield’s Central Texas Private Capital Group is pleased to present to the market the Texas Children’s Pediatrics West Austin Portfolio, a three property medical office portfolio located in the high growth West Austin suburbs of Bee Cave, Spicewood, and Dripping Springs. The two tenant properties are fully leased and anchored by Texas Children’s Pediatrics (Fitch: AA-), formerly Beansprout Pediatrics, who occupy 54% of the portfolio with lease terms through September 2032 (+/- 7 years). The properties benefit from complementary pediatric co-tenants with Bee Cave Family Dentistry at the Bee Cave location, Kite Strings Pediatric Therapy at the Spicewood location, and Therapy Adventures at the Dripping Springs location. The portfolio offers a weighted average lease term of ±6 years providing stability and secure cash flows from a high retention medical tenant base in the path of growth in West Austin. The properties are being offered on an individual or portfolio basis providing a scalable opportunity in multiple high demographic Austin submarkets. Please reach out to a team member to learn more about this opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Children's Spicewood

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

374073

ASK ABOUT THIS PROPERTY

Travis CrowCushman & WakefieldMore Info
512-637-5528

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Travis CrowCushman & WakefieldMore Info
512-637-5528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.