1001 Robbie Mince Wy
Office | 7,950 SqFt
Marketing description
Mote & Associates is pleased to offer the opportunity to acquire a +/-7,950 SF multi-tenant medical office building in DeSoto, TX in the Williamsburg Village Medical District adjacent to Methodist Charlton Medical Center
Property is currently 100% occupied by Texas Lung and Sleep Consultants and Dallas Neuroscience, P,A.
Tenants are on modified gross leases with the tenants paying their own utilities. Landlord is responsible for repairs and maintenance, property taxes, insurance, roof and structure, and common area maintenance
DeSoto is a growing city of 56,711 people just +/-15.8 miles from the heart of Dallas and centrally located between I-20, I-35, and US Highway 67. Property is only +/-0.4 miles from US-67, +/-1.4 miles from I-20, +/-3.8 miles from I-35E. Average household income for DeSoto is estimated at $103,229.
The subject property is located just a block away from Methodist Charlton Medical Center, +/-4.0 miles to Dallas Executive airport, +/-19.0 miles to Dallas Love Field Airport, and +/-26.6 miles to DFW International Airport. The subject property enjoys the benefits of attracting a vast source of local workforce and patients with the DART line located on Wheatland Drive, just +/-0.1 miles from the subject property.
Investment highlights
- Cap Rate: 7.22% - 2025 Pro Forma
- Occupancy: Texas Lung and Sleep Consultants +/-4,101 SF Dallas Neuroscience, P.A. (+/-3,913 SF)
- Size Approx. 7,950 SF building +/-35,903 SF lot
- Location Located in Williamsburg Village, which is a medical district adjacent to Methodist Charlton Medical Center
- Zoning Planned Development
- Construction Built in 2004. Reinforced concrete slab, with concrete grade beams, piers and footings. Wood frame, brick and stone veneer.
- Parking 44 parking spaces. 5.45/1,000
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