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Medical Condo For Sale • 1,187 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 801 | Medical | 1,187 SF | $570,000 USD | |
Description-New construction medical suite (May 2026). Lease in place with established physician practice. - Specialized medical build-out offers 3 exam rooms, private doctor’s office, admin area with check-in/out windows - Approximately 3 years left on current lease. - Current rent of $4,500/month with 3% annual increases. - Stable cash flow from a healthcare tenant. - Lease extension highly likely due to patient convenience and practice infrastructure. - CAP rate 6.44% - NOI $36,708 - Buyer will receive a one-year workmanship warranty - Located in high growth corridor Sale NotesGross Modified Lease in place: 3 % annual increases Year 1: $4,500 per month / $54,000 annually Year 2: $4,635 per month / $55,620 annually Year 3: $4,774 per month / $57,289 annually Strong likelihood of multi-year lease extension |
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-New construction medical suite (May 2026). Lease in place with established physician practice. - Specialized medical build-out offers 3 exam rooms, private doctor’s office, admin area with check-in/out windows - Approximately 3 years left on current lease. - Current rent of $4,500/month with 3% annual increases. - Stable cash flow from a healthcare tenant. - Lease extension highly likely due to patient convenience and practice infrastructure. - CAP rate 6.44% - NOI $36,708 - Buyer will receive a one-year workmanship warranty - Located in high growth corridor New Construction medical suite in the heart of Prosper! Surrounded by first class medical and healthcare professionals with direct access to both 380 and Dallas North Tollway. Classic, masonry building exterior with dedicated entrance for each suite and ample doorstep parking, 7 spaces per 1,000 s/f. Premium location situated between Cooks Children's, Texas Health and Children's Health. Borders high end residential, market leading healthcare, retailers, commercial businesses, dining and numerous other amenities. Convenient Owners Association handles property maintenance. Contact us today for more information!
| High density location with direct access to 380 and DNT |
| New construction medical suite unit |
| Close proximity to Children's Health, Cook Children's and Texas Health |
| Cap Rate: | 6.44 % |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Dallas Love Field | 41 min | - | 31.5 mi |
| Dallas-Fort Worth International | 40 min | - | 32.3 mi |
Susie Priebe
Cloudloft Development
Susie Priebe
Cloudloft Development
