{"id":1004715246,"date":"2024-05-29T11:14:23","date_gmt":"2024-05-29T19:14:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004715246"},"modified":"2024-05-29T11:14:25","modified_gmt":"2024-05-29T19:14:25","slug":"stockdale-capital-buys-130-ksf-austin-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockdale-capital-buys-130-ksf-austin-mob\/","title":{"rendered":"Stockdale Capital Buys 130 KSF Austin MOB"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"512\" data-attachment-id=\"1004715248\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transactions-stockdale-1401philomenast-austintx-768x512-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Transactions-Stockdale-1401PhilomenaSt-AustinTX-768x512-1-edited.jpg\" data-orig-size=\"683,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Transactions-Stockdale-1401PhilomenaSt-AustinTX-768&#215;512\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The 130,000-square-foot medical office building took shape on 1.7 acres. Image courtesy of Stockdale Capital Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Transactions-Stockdale-1401PhilomenaSt-AustinTX-768x512-1-edited.jpg?w=683\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Transactions-Stockdale-1401PhilomenaSt-AustinTX-768x512-1-edited.jpg\" alt=\"Medical office building at 1401 Philomena St., Austin, Texas\" class=\"wp-image-1004715248\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Transactions-Stockdale-1401PhilomenaSt-AustinTX-768x512-1-edited.jpg 683w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Transactions-Stockdale-1401PhilomenaSt-AustinTX-768x512-1-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\" \/><figcaption class=\"wp-element-caption\">The 130,000-square-foot medical office building took shape on 1.7 acres. <em>Image courtesy of Stockdale Capital Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Stockdale Capital Partners has acquired 1401 Philomena @ Mueller, a 130,000-square-foot medical office building in Austin, Texas. Gemdale USA sold the asset, according to CommercialEdge.<\/p>\n\n\n\n<p>The five-story property came online in 2023. Built on 1.7 acres, the project was subject to a $35 million construction loan that BMO Bank provided in 2021, the same source indicates. STG Design was the building\u2019s architect, with Rogers \u2013 O\u2019Brien Construction as general contractor.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/medical-office-to-perform-well-in-2024-report\/\">medical office sector<\/a> continues to fare well in what is currently a challenging economic landscape. High occupancy and tenant stability are among the key factors attracting investors. Nevertheless, experts found that asset values have indeed decreased over the course of 2023.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/these-markets-top-mob-investment-activity\/\">These Markets Top MOB Investment Activity<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The LEED-Gold certified building features controlled access, wide column spacing and higher deck-to-deck heights, with floorplates ranging between 20,000 and 29,000 square feet. The health-care center also includes a 559-stall parking garage. According to the new owner, the asset marks the first non-affiliated, purpose-built Class A medical office building to be developed in Central Austin since 2023. GROW Pediatrics and Adolescent Medicine are among the property\u2019s tenants.<\/p>\n\n\n\n<p>Located at 1401 Philomena St., the health-care center is part of Mueller Austin, a 700-acre master-planned community. The urban village is a redevelopment of the former Robert Mueller Municipal Airport.<\/p>\n\n\n\n<p>The building is adjacent to Dell Children\u2019s Medical Center, has access to Interstate 35 and is less than 5 miles north of downtown Austin. Other medical providers in the surrounding area include Austin Emergency Center, CommUnity Care: David Powell Health Center and St. David\u2019s Medical Center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The five-story property came online in 2023.<\/p>\n","protected":false},"author":2829,"featured_media":1004715248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21783,21754,21742,51973],"tags":[34005],"class_list":["post-1004715246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-investment","category-medical-office","category-latest","category-southwest","tag-stockdale-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stockdale Capital Buys 130 KSF Austin MOB - 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