Historical Office Sale Listing - Medical Investment Property

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Medical Investment Property

502 N. VALLEY PKWY., Lewisville, TX 75067

N/A

6,000 SF | Office

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502 N. Valley

Office Property - Off Market

Price:
N/A
Building Size:
6,000 SF
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Office-Business Park
Office-Warehouse
Office Condo
Property Use Type:
Net Lease Investment with
5 years left on lease
Commission Split:
3%
Cap Rate:
8.55%
No. Stories:
1
Building Class:
A
Tenancy:
Multiple
Year Built:
2004
Lot Size:
43,560 SF
Parking Ratio:
5 / 1,000 SF
Listing ID
15713522
Last Updated
over 1 year ago

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

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!!

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

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