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11623 Angus Road

Updated Oct 13, 2026

Ben Barr Of Woodside Health And Maury Tognarelli Of Heitman Acquire Medical Office Campus In Austin
SOLDMedical Office

Ben Barr Of Woodside Health And Maury Tognarelli Of Heitman Acquire Medical Office Campus In Austin

11623 Angus Road

Building Size

42,500 SF

Asset Type

Medical Office

Closing

Aug 25, 2025

About this deal

AI

The property asset involved in this transaction is a medical office campus known as the Twelve Oaks Professional Center, consisting of five buildings with a total area of 42,500 square feet. It is located at 11623-11645 Angus Road in Austin, a market known for its growing healthcare sector.

Summary of transation details:

Woodside Health and Heitman were both involved in the acquisition of the property from KPG Commercial. The Twelve Oaks Professional Center is leased to various tenants, which include Elysian Plastic Surgery and Allergy & Asthma Center of Austin, marking its significance in the local healthcare landscape.

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Players

Maury Tognarelli

Heitman Capital Management

Buyer

$360M

vol

8 deals

Buyer
Jon Kasling

Jon Kasling

KPG Commercial

Seller

1 deal

Seller
Bilt advertisement

Austin Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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