This Office Property is Off-Market.

502 N. VALLEY PKWY.
Lewisville, TX 75067 ·

6,000 SF · Office For Sale

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Medical Investment Property

Price N/A No. Stories 1
Building Size 6,000 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type
Medical Office
More...
  • Office-Business Park
  • Office-Warehouse
  • Office Condo
Year Built 2004
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 43,560 SF
Commission Split 3% Parking Ratio 5 / 1,000 SF
Cap Rate 8.55%
Listing ID: 15713522 Date Created: 05/15/2008 Last Updated: 08/09/2013

Description

Legend Commercial is pleased to offer this recently completed 6000 SF medical office building in the medical corridor of Lewisville, TX. Fully Occupied with two Thriving family medical practices. Current owner/occupant will sign 5 year lease with New Owner. ADDITIONAL READY TO BUILD HALF ACRE INCLUDED!

Located on the corner of Valley Pkwy and College St. in Lewisville, TX less than 1.5 miles from Medical Center of Lewisville Hospital. Easy access to I-35W and SH 121. Perfect location for General office and/or medical related services. INCLUDED WITH PURCHASE - DEVELOPMENT OPPORTUNITY - HALF ACRE PAD SITE FOR 2ND OFFICE BUILDING!!

Highlights

  • 8.4% CAP RATE WITH BUILT IN ANNUAL RENTAL BUMPS AFTER 3 YEARS
  • SALE/LEASEBACK FOR 5 YEARS
  • LESS THAN 3 MINUTES FROM MEDICAL CENTER OF LEWISVILLE HOSPITAL
  • EASY ACCESS TO I-35W AND SH 121
  • HALF ACRE 'READY TO BUILD' PAD SITE INCLUDED IN SALE!!
  • HEART OF LEWISVILLE, TEXAS MEDICAL CORRIDOR

Research

502 N. VALLEY PKWY., Lewisville, TX 75067 (Denton County)

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