Ben Barr Of Woodside Health Acquires The Physicians Centre Medical Office In Bryan For $10.2M
3201 University Drive East
Building Size
—
Asset Type
Medical Office
Closing
Jul 15, 2025
AI
The property asset involved in the transaction is a medical office located at 3201 University Drive East, Bryan, TX. The facility, known as The Physicians Centre, encompasses 126,059 square feet and was fully leased to 37 tenants at the time of sale. The property was previously acquired by a private investor in 2022 for $10.2 million, supported by a loan of $7.2 million from Prosperity Bank.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Buyer: Ben Barr
- Buyer's Representative: Ben Barr - Woodside Health
- Seller: Private Investor
- Previous Purchase Price: $10.2M
- Loan Amount: $7.2M
- Location: 3201 University Drive East, Bryan, TX
- Square Footage: 126,059 SF
- Tenant Occupancy: 100%
- Number of Tenants: 37
Key individuals in this transaction include Ben Barr, representing Woodside Health, the buyer of the medical office. The seller was a private investor who acquired the property in 2022 before selling it in this recent transaction. The investment context highlights Woodside Health's strategic acquisition in the medical real estate sector.
Players
Bryan Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale 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