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Bldg 2 4601 Spicewood Springs Rd 7,400 SF 100% Leased Office Building Austin, TX 78759 $3,496,643 CAD ($472.52 CAD/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
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
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 est un chef de file international, mais ils en sont encore au début de leur parcours. Combinant un esprit d'entreprise et d'innovation avec une expertise approfondie des solutions d'affaires et d'assurance, ils mettent les meilleurs produits et services au monde entre les mains d'entreprises et de particuliers prospères et sophistiqués. Acrisure met sa technologie de pointe et ses centaines de milliards de points de données au service de tous les aspects de son entreprise, en veillant à ce que chacun, de ses clients aux membres de son équipe, ait ce dont il a besoin pour réussir. Peu importe à quel point les besoins de leurs clients peuvent être uniques, leur IA les relie de manière transparente aux bonnes solutions d'assurance et d'affaires personnalisées. Et en ce qui concerne leur équipe, leurs recommandations basées sur l'IA, leurs flux de travail de collaboration numérique et leurs données enrichies leur permettent de performer au plus haut niveau possible.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | - | Triple Net | Feb 2024 |
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Bldg 2 | 4601 Spicewood Springs Rd
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