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3807 Spicewood Springs Rd - Spicewood Point
10,613 SF Medical Condo Unit Offered at $4,100,000 in Austin, TX 78759
Investment Highlights
- Excellent Medical Location approximately 9 minutes from Ascension Seton Medical Center
- Fully Occupied, Two Tenant Medical Condo with "well seasoned" tenants
- Excellent short term Leased Investment for an Owner/User with plans to occupy
- Attractive Garden Style Office with easy access to nearby major traffic arteries
- Approximately 3 years remaining on both leases with no further renewal options
- Professionally managed building with no deferrred maintenance
Executive Summary
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 the Central Business District • No Remaining Renewals
Property Facts Under Contract
| Price | $4,100,000 | Building Class | B |
| Unit Size | 10,613 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 10,613 SF |
| Total Building Size | 21,226 SF | Year Built | 1983 |
| Property Type | Office (Condo) | Lot Size | 1.72 AC |
| Property Subtype | Medical | Parking Ratio | 5.04/1,000 SF |
| Sale Type | Investment |
| Price | $4,100,000 |
| Unit Size | 10,613 SF |
| No. Units | 1 |
| Total Building Size | 21,226 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 10,613 SF |
| Year Built | 1983 |
| Lot Size | 1.72 AC |
| Parking Ratio | 5.04/1,000 SF |
1 Unit Available
Unit B
| Unit Size | 10,613 SF | Condo Use | Medical |
| Price | $4,100,000 | Sale Type | Investment |
| Price Per SF | $386.32 | Sale Status | Under Contract |
| Unit Size | 10,613 SF |
| Price | $4,100,000 |
| Price Per SF | $386.32 |
| Condo Use | Medical |
| Sale Type | Investment |
| Sale Status | Under Contract |
Description
Full 2nd Floor Condo
Sale Notes
2 Medical tenants
Amenities
- Property Manager on Site
- Signage
zoning
| Zoning Code | LO, Austin (None) |
| LO, Austin (None) |
-
David Hummel -
Advisors Commercial Real Estate
Presented by
3807 Spicewood Springs Rd - Spicewood Point
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