4601 Spicewood Springs Rd - Office FOR SALE


Austin, TX 78759- Lower Bull Creek
$2,495,000 USD
512-415-4565
4601 Spicewood Springs Rd, Austin, TX for Sale
$2,495,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

4601 Spicewood Springs Rd
Austin, TX 78759
Lower Bull Creek


HIGHLIGHTS

  • Incredibly convenient and ample surface parking
  • Tenant monument signage
  • Stone and stucco exterior, standing seam metal roof, balcony - timeless hill country design
  • Direct access to Loop 360 via a lighted intersection & 1.3 miles to MoPac
  • Available to a variety of office users (law, financial services, insurance, medical, consulting, etc.)

OVERVIEW

4601 Spicewood Springs Road, Building 2 (Stillhouse II office park) is offered as a whole-building acquisition combining owner-occupancy with in-place income. The 7,400 SF building is divided into two 3,700 SF suites: Suite 100 is available for owner-occupancy (within 60 day notice), and Suite 200 is leased through February 2029. Rental income from Suite 200 offsets a substantial portion of the building’s carrying cost, reducing the owner-occupant’s net cost of occupying Suite 100 relative to leasing comparable space in the submarket. • Own instead of renting. Occupying Suite 100 stops rent payments to a landlord and starts building equity in a building the buyer controls. • Income in place from day one. Suite 200’s rent and expense reimbursements offset most of the carrying cost through 2029. • 100% ownership. The buyer owns the entire asset. • Flexible move-in. Suite 100’s current occupant is month-to-month, so a buyer can plan occupancy on their own timeline rather than waiting out a lease term. • Newer product for the submarket. Newer than most competing office buildings nearby with $360,000 of renovations since 2020. Offering Summary: • 7,400 SF free-standing, two-story office building, built 2012 • Two suites of 3,700 SF each — full floor per suite • Suite 100 (first floor): available for owner-occupancy (60 day notice) • Suite 200 (second floor): leased through February 2029 • Zoning: GO-CO • Parking: 4:1,000 SF The following uses are prohibited uses of the Property: Art and craft studio (limited) Business support services Medical offices (exceeding 5000 sq.ft.) Personal services College or university facilities Residential treatment Cultural services Club or lodge Hospital services (general) Off-site accessory parking Hospital services (limited) Restaurant (limited) Community recreation (public) Community recreation (private) Guidance services Private secondary educational facilities Communications services Convalescent services Business or trade school

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg 2

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

GO-CO

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Perry HortonHorton Real Estate PartnersMore Info
512-415-4565

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Perry HortonHorton Real Estate PartnersMore Info
512-415-4565

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