2 Locations For Sale

Transwestern Healthcare Capital Markets ("Transwestern") is pleased to offer for sale the fee simple interest in The Hills Medical Buildings, composed of two medical outpatient buildings totaling 55,520 square feet located at 4613 and 4701 Bee Caves Road, Austin, Texas 78746 (individually the "Property' or collectively the Properties"). The two-story Properties are adjacent with adjoining parking lots situated along one of Austin's most heavily traveled and commercially vibrant corridors. They are positioned at a rare, lighted intersection in the heart of the Westlake community, one of the most affluent submarkets in all of Texas.

The Properties are 92% occupied by a diversified tenant roster of 13 tenants that benefit from the surrounding strong demographic residential housing in Southwest Austin. The Properties are anchored by the Westlake Hills Surgery Center and their affiliated practice while also including high acuity clinical users, including a dermatology practice and a breast center. The Properties operate under net lease structures with a weighted average lease term remaining of over 4 years with the average rent in-place 11% below current market rental rates within the vibrant Westlake community.

The Hills Medical Buildings offer scale with a year one net operating income projected at $1,430,679 to be invested within the Austin MSA that now exceeds 2.3 million people and remains one of the nation's fastest-growing cities. The properties feature fee-simple ownership and are available free and clear of debt.