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Texas Children's Spicewood 20424 Haystack Cv 5,586 SF 100% Leased Office Building Spicewood, TX 78669 For Sale



INVESTMENT HIGHLIGHTS
- Three Property Medical Office Portfolio in West Austin - Available on Individual Property or Portfolio Basis
- 100% Leased to Complementary Pediatric Practices
- Exceptional Demographics in the Path of Growth
- Anchored by Texas Children's Pediatrics (54% NRA; 7+ Years Remaining Term; AA- Credit Rating)
- Premier Hill Country Submarkets of Bee Cave, Spicewood, and Dripping Springs
- 6+ Years of Weighted Average Remaining Lease Term
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 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,586 SF
Building Class
B
Year Built
1995
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,793 SF
Building FAR
0.04
Lot Size
3.00 AC
Parking
36 Spaces (6.44 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 374073 | Improvements Assessment | $434,900 |
| Land Assessment | $914,760 | Total Assessment | $1,349,660 |
PROPERTY TAXES
Parcel Number
374073
Land Assessment
$914,760
Improvements Assessment
$434,900
Total Assessment
$1,349,660
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Texas Children's Spicewood | 20424 Haystack Cv
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