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Bharat Sangani Of Encore Enterprises Inc. Acquires Medical Office In Dallas For $7M

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SOLD
$7,000,000

Texas

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Medical Office61,356 SF
Sold 06/09/2025
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SOLD

Bharat Sangani Of Encore Enterprises Inc. Acquires Medical Office In Dallas For $7M

16980 Dallas Parkway

See Similar Deals
Medical Office61,356 SF
Sold 06/09/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Medical Office
Price Per Square Foot:$114
Total Square Footage:61,356 SF
Transaction Type:Sale

Encore Enterprises acquired a 61,356-sf Class B medical office building at 16980 North Dallas Parkway in Dallas, for $7,000,000. The property encompasses 3.14 acres and is currently 58.2% leased. Encore will relocate its headquarters to this location while self-managing the asset.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $7,000,000
  • Sale Price per Square Foot: $114
  • Buyer: Bharat Sangani - Encore Enterprises Inc.
  • Lender: Cadence Bank
  • Market: Dallas
  • Leased Percentage: 58.2%

Bharat Sangani represents Encore Enterprises in this transaction, emphasizing the company's strategic growth within its 27-property portfolio, marking its first acquisition of an office asset.

Players

Cadence Bank
Cadence Bank
LENDER

Details

SOLD
IMAGE: Bharat Sangani DATE: 06/09/2025 ADDRESS: 16980 North Dallas Parkway MARKET: Dallas ASSET TYPE: Medical Office ~ ACRES: 3.14 BUYER: Bharat Sangani - Encore Enterprises Inc. (@Encore_Enterprises_inc) LENDER: Cadence Bank SALE PRICE: $7,000,000 SF: 61,356 ~ PPSF: $114 NOTE: Encore Enterprises acquired a 61,356-sf Class B medical office building at 16980 N. Dallas Parkway for $7M, marking its only office asset in a 27-property portfolio. The property is 58.2% leased, and Encore will relocate its headquarters there while self-managing the asset

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