Boyd Watterson Asset Management Acquires Austin Outpatient Clinic For $142M

A 272,636-square-foot outpatient clinic in Austin, Texas has been sold for $142 million. The Class A facility, located at 7901 Metropolis Drive and operated by the U.S. Department of Veterans Affairs, offers a range of medical services and is situated near the Austin-Bergstrom International Airport. The property spans 35 acres and is categorized as a hospital.

Summary of transaction details

• Property Type: Hospital
• Transaction Amount: $142,000,000
• Square Footage: 272,636
• Address: 7901 Metropolis Drive
• Market: Austin

Boyd Watterson Asset Management has acquired the outpatient clinic from Healthcare Property Advisors. The transaction was facilitated by the CBRE team, including brokers Will Pike, Lee Asher, Brian Pfohl, Cyrus Felfeli, and Jordan Selbiger. The property's sale price translates to approximately $521 per square foot.