JLL Income Property Trust Acquires Medical Office In Sugar Land For $18.4M

The medical office located at 1327 Lake Pointe Parkway in Sugar Land has been sold in a closed transaction. The property spans approximately 37,000 square feet and is situated in the bustling market of Sugar Land. The sale price for this medical office transaction was approximately $18,400,000, resulting in a price per square foot of $497.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $18,400,000 (Approx.)
• Address: 1327 Lake Pointe Pkwy
• Market: Sugar Land
• Square Footage: 37,000

The buyer of this medical office property was JLL Income Property Trust, represented by Allan Swaringen. The transaction was completed on 04/12/2022.