Lakeside at Quarry Oaks — Sale in Austin, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Austin, TX 78759
  • Year built: 1998

Photos

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Description

Lakeside at Quarry Oaks is a 123,272 square foot, three-story Class A office asset located in Austin, Texas. Acquired by the seller in June 2025, ownership executed an aggressive repositioning strategy, driving occupancy from 36.0% to 93.5% leased in under 15 months, achieving 57% average rent growth. The Property sits directly adjacent to the UT Dell Medical Center Campus, a once-in-a-generation demand driver that broke ground in April 2026 and is fundamentally redefining the submarket as Austin’s premier innovation and life sciences corridor. With 6.0 years of WALT, Lakeside's lease term is structurally aligned with the 2030 opening of the UT Dell Medical Center, providing investors with durable in-place income today and natural re-leasing optionality at the precise moment the submarket's demand is expected to peak.

Market Context

This office in Austin, TX is listed for sale. The building dates to 1998. Compare it against other office listings for sale in Austin, TX — view the full market.

As of Q2 2026, the Austin office market showed average asking rents near $49.89/SF/yr, and rents up 1.5% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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