Spicewood Point
10,613 SF Medical Condo Unit Offered at $4,100,000 in Austin, TX 78759
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,100,000
- Property Type
-
Office
Listing Contacts
David Hummel
Verified Profile
- Property Info
Property Overview
Two (2) tenant office condo located in highly desirable Northwest Austin neighborhood. (Trophy Location!)
• Both medical tenants are well “seasoned” and have been at this location for many years. Additionally, each tenant exercised a five (5) year renewal option and there is approximately three and a half years (3.5) remaining on each lease
• Approximately 10,613 SF (entire second floor)
• Both suites have full medical buildout with multiple exam rooms
• Well-maintained building with no deferred maintenance
• Close proximity to hospitals, malls, and Central Business District
• No Remaining Renewals
• Both medical tenants are well “seasoned” and have been at this location for many years. Additionally, each tenant exercised a five (5) year renewal option and there is approximately three and a half years (3.5) remaining on each lease
• Approximately 10,613 SF (entire second floor)
• Both suites have full medical buildout with multiple exam rooms
• Well-maintained building with no deferred maintenance
• Close proximity to hospitals, malls, and Central Business District
• No Remaining Renewals
Property Details
- Class
- C
- Year Built
- 1983
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 74,923 SF
- Units
- 1
Highlights
- Excellent Medical Location approximately 9 minutes from Ascension Seton Medical Center
- Attractive Garden Style Office with easy access to nearby major traffic arteries
- Fully Occupied, Two Tenant Medical Condo with "well seasoned" tenants
- Approximately 3 years remaining on both leases with no further renewal options. Possibility for early renewal if desired
- Excellent short term Leased Investment for an Owner/User with plans to occupy
- Professionally managed building with no deferrred maintenance
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