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5060 Tennyson Pky 8,184 SF Medical Condo Unit Offered at $5,176,166 in Plano, TX 75024
Investment Highlights
- Located within the highly desirable Legacy submarket.
- Direct access to State Highway 121.
- Close proximity to The Shops at Legacy.
- Direct access to the Dallas North Tollway.
- Close proximity to Legacy West.
- Close proximity to Stonebriar Mall.
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
Description
Suite 200 is an 8,184-square-foot medical office condo located on the ground floor of a three-story building, currently operating as a state-of-the-art dermatology practice and surgery center. The space is fully equipped to perform Mohs micrographic surgery and other skin surgery procedures, featuring a comprehensive surgery center layout.
Sale Notes
This investment opportunity features a premier flagship dermatology practice with a 9-year remaining lease term in Plano, Texas, one of the most desirable cities in the Dallas-Fort Worth Metroplex. Located within the strong Legacy submarket, the property benefits from close proximity to major hospital systems and corporate headquarters, making it a highly stable and attractive medical office asset.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Suite 200 | 8,184 SF | Medical | $5,176,166 ($632.47/SF) | $310,569.96 |
Unit Suite 200
| Unit Size |
| 8,184 SF |
| Condo Use |
| Medical |
| Price |
| $5,176,166 ($632.47/SF) |
| NOI |
| $310,569.96 |
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Unit Suite 200
| Unit Size | 8,184 SF |
| Condo Use | Medical |
| Price | $5,176,166 ($632.47/SF) |
| NOI | $310,569.96 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Description | |
| Suite 200 is an 8,184-square-foot medical office condo located on the ground floor of a three-story building, currently operating as a state-of-the-art dermatology practice and surgery center. The space is fully equipped to perform Mohs micrographic surgery and other skin surgery procedures, featuring a comprehensive surgery center layout. | |
| Sale Notes | |
| This investment opportunity features a premier flagship dermatology practice with a 9-year remaining lease term in Plano, Texas, one of the most desirable cities in the Dallas-Fort Worth Metroplex. Located within the strong Legacy submarket, the property benefits from close proximity to major hospital systems and corporate headquarters, making it a highly stable and attractive medical office asset. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 30,630 SF | Typical Floor Size | 10,210 SF |
| Property Type | Office (Condo) | Year Built | 2020 |
| Property Subtype | Medical | Lot Size | 2.50 AC |
| Building Class | B | Parking Ratio | 1.63/1,000 SF |
| Floors | 3 | ||
| Zoning | Commercial - Zoned CE with Preston Road Overlay Plano TX | ||
| Total Building Size | 30,630 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 10,210 SF |
| Year Built | 2020 |
| Lot Size | 2.50 AC |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | Commercial - Zoned CE with Preston Road Overlay Plano TX |
Amenities
- Signage
- Reception
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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Matterport 3D Exterior
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Photos
Street View
Street
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