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
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:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Square Footage: 42,500 SF
- Address: 11623-11645 Angus Road
- Market: Austin
- Buyer: Ben Barr - Woodside Health
- Buyer: Maury Tognarelli - Heitman
- Seller: Jon Kasling - KPG Commercial
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.
Players
Austin Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
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