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Bldg 2 4601 Spicewood Springs Rd 7,400 SF 100% Leased Office Building Austin, TX 78759 $2,495,000 ($337.16/SF)
Investment Highlights
- Incredibly convenient and ample surface parking
- Stone and stucco exterior, standing seam metal roof, balcony - timeless hill country design
- Available to a variety of office users (law, financial services, insurance, medical, consulting, etc.)
- Tenant monument signage
- Direct access to Loop 360 via a lighted intersection & 1.3 miles to MoPac
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,400 SF
Building Class
B
Year Built/Renovated
2012/2020
Price
$2,495,000
Price Per SF
$337.16
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,700 SF
Building FAR
0.05
Lot Size
3.57 AC
Zoning
GO-CO - General Office-Conditional Overlay.
Parking
30 Spaces (4.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
- -
- Triple Net
- Feb 2024
Acrisure began in 2005 as an insurance-focused business and later expanded through acquisitions into a broader financial technology and insurance platform. The company now connects individuals and businesses with insurance and business solutions that include employee benefits, cybersecurity, payroll, mortgages, and risk management. Acrisure also serves small-to-midsize organizations and larger enterprises through personalized and enterprise-scale offerings across business and personal lines. The company maintains an international footprint and global capabilities supporting clients across markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | - | Triple Net | Feb 2024 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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Contact the Sale Advisor
Bldg 2 | 4601 Spicewood Springs Rd