7901 Metropolis Drive. Picture courtesy of CBRE
Boyd Watterson Asset Administration has acquired a 272,636-square-foot outpatient clinic in Austin, Texas, CommercialEdge knowledge exhibits. Healthcare Property Advisors offered the asset for $142 million and was represented by CBRE within the transaction. U.S. Division of Veterans Affairs is working the property.
In line with CommercialEdge, the power final traded in 2016, when Healthcare Property Advisors bought the clinic from Cullinan Properties with the assistance of a $121.5 million acquisition mortgage by Wells Fargo Financial institution.
The Class A constructing rises two tales on 35 acres and got here on-line in 2013. The property options 138,000-square-foot floorplates, 5 passenger elevators, managed entry and gives 1,238 parking areas.
On the time of its development, the power was the most important freestanding medical clinic serving veterans within the metro. The clinic offers medical companies akin to bodily remedy, radiation remedies, prosthetic replacements, cardiology, neurology and psychological well being counseling.
Positioned at 7901 Metropolis Drive, the property is close to the Austin-Bergstrom Worldwide Airport and seven miles southeast of downtown Austin. Different medical suppliers within the surrounding space embrace D&A Medical Heart in Austin, Nova Medical Facilities, Subsequent Door Well being and Central Texas Allied Well being Institute.
The CBRE crew representing the vendor included Vice Chairman and Managing Director Will Pike, Vice Chairman Lee Asher, Govt Vice President Brian Pfohl, Funding Gross sales Director Cyrus Felfeli and First Vice President Jordan Selbiger.
Over a 12-month interval ending in July, 10 medical workplace buildings modified fingers within the Austin market, totaling 421,773 sq. toes, CommercialEdge knowledge exhibits.
