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12950 Dallas Pkwy, Frisco, ...

Bare Dermatology Leases Medical Office In Frisco With Kyle Libby As Tenant's Rep
LEASEDMedical Office

Bare Dermatology Leases Medical Office In Frisco With Kyle Libby As Tenant's Rep

12950 Dallas Pkwy, Frisco, TX, 75034

Building Size

11,500 SF

Asset Type

Medical Office

Closing

Nov 20, 2023

AI

Located at 12950 Dallas Parkway in Frisco, Texas, Frisco Medical Pavilion II is a planned 60,000-square-foot medical office building. The property will soon be the home of Bare Dermatology, who has signed an 11,500-square-foot lease to occupy space on the third floor. The site aims to serve as Bare Dermatology's flagship clinic, offering state-of-the-art dermatologic services.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not provided
  • Tenant: Bare Dermatology
  • Tenant's Rep: Kyle Libby(Medcore Partners)
  • Landlord: Undisclosed
  • Square Feet: 11,500

Kyle Libby, a representative from Medcore Partners, played a crucial role in negotiating the lease for Bare Dermatology at Frisco Medical Pavilion II. The building, managed by Transwestern, is set to feature a Class A medical office space with various amenities, including a cutting-edge lobby and elevator cabs capable of accommodating gurneys. The property's prime location in Frisco positions Bare Dermatology strategically to cater to the high-income population in the area.

Players

Kyle Libby

Medcore Partners

Broker

2 deals

Broker
BD
Bare DermatologyTenant

Frisco Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93