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Texas Children's Bee Cave 13917 W Hwy 71 5,859 SF 100% Leased Office Building Bee Cave, TX 78738 For Sale



INVESTMENT HIGHLIGHTS
- 100% Leased to Two Medical Tenants on Long Term Leases
- Complementary Pediatric Dental Co-Tenant with 9 Years of Remaining Term
- Exceptional Demographics in Path of Growth in West Austin
- Anchored by Texas Children's Pediatrics (50% NRA) with 7 Years of Remaining Term
- 8+ Year WALT Providing Stabilized and Secured Cash Flows
- Located in the Heart of Bee Cave in Proximity to 2M SF Class A Retail
EXECUTIVE SUMMARY
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 Dripping Springs location is under contract but the Bee Cave and Spicewood locations are available. 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 and Kite Strings Pediatric Therapy at the Spicewood 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,859 SF
Building Class
B
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,930 SF
Building FAR
0.13
Lot Size
1.00 AC
Parking
27 Spaces (4.61 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 541257 | Improvements Assessment | $1,971,155 |
| Land Assessment | $784,080 | Total Assessment | $2,755,235 |
PROPERTY TAXES
Parcel Number
541257
Land Assessment
$784,080
Improvements Assessment
$1,971,155
Total Assessment
$2,755,235
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Texas Children's Bee Cave | 13917 W Hwy 71
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