Stockdale Capital Partners announced that it acquired a newly built, five-story medical outpatient building (MOB) in Austin, Texas, which first opened in 2023.
The MOB, adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space and is part of Mueller Austin, a 700-acre master-planned community.
Stockdale Capital Partners is a Los Angeles-based vertically integrated real estate investment firm. The company provides real estate investment services, as well as invests, owns and operates multiple asset classes.
“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 of Healthcare at Stockdale Capital Partners. “We continue to look for attractive medical office investment opportunities across the country as demand for outpatient healthcare increases.”
Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 74th MOB acquisition of 2024. This also marks Stockdale’s second transaction of 2024. The company previously acquired three MOBs located across the Phoenix, Arizona MSA.
