Skip to content
May 28, 2024

Stockdale Capital Partners acquires five-story, Class-A Medical Office Building in Central Austin

Property at 1401 Philomena St., adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space

Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it acquired a newly-built medical office building at 1401 Philomena St. in Central Austin, which first opened in 2023.

The best-in-class, LEED Gold-rated medical office property is part of Mueller Austin, a 700-acre master-planned community. 1401 Philomena St. includes 129,382 square feet of rental office space, as well as an attached 559-stall parking garage which maximizes accessibility and patient flow. The property is the first non-affiliated, purpose-built Class-A medical office building constructed in Central Austin since 2013. With a population of 2.4 million people, the Austin metropolitan area is one of the fastest-growing urban centers in the country.

With wider column spacing and higher deck-to-deck heights, the building’s construction allows it to accommodate users ranging from smaller spaces of 2,000-3,000 square feet to entire floors up to 28,000 square feet with the ability to accommodate higher acuity services throughout.

“Stockdale is excited about the acquisition of this Class-A medical office building strategically located near the Dell Children’s Medical Center in the Mueller development. This is an incredible opportunity to enter the Austin medical office market with strong fundamentals in an under-supplied marketplace” said Andrew Saba, Managing Director, Healthcare at Stockdale Capital Partners. “We continue to look for attractive medical office investment opportunities across the country as demand for outpatient healthcare increases.”