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6684 West Adams Avenue

Andy Crosland Of Kobalt Investment Company Acquires Medical Office Buildings In Central Texas
SOLDMedical Office

Andy Crosland Of Kobalt Investment Company Acquires Medical Office Buildings In Central Texas

6684 West Adams Avenue, 1001 Arbor Park Drive & 1009 Arbor Park Drive

Building Size

94,635 SF

Asset Type

Medical Office

Closing

Jul 2, 2025

AI

The transaction involved the sale of three medical office buildings located at 6684 West Adams Avenue and 1001 & 1009 Arbor Park Drive, situated in the Temple & Belton market. The total square footage of these properties is 31,545, and they are currently leased by Baylor Scott & White. The buildings were developed in 2013.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Undisclosed
  • Buyer: Andy Crosland
  • Buyer's Company: Kobalt Investment Company
  • Broker: Seth Gilford
  • Broker's Company: Transwestern
  • Location: 6684 West Adams Avenue, 1001 & 1009 Arbor Park Drive
  • Market: Temple & Belton
  • Square Footage: 31,545

Andy Crosland of Kobalt Investment Company is the buyer in this transaction, while Seth Gilford from Transwestern acted as the broker. The seller of the properties and the transaction price have not been disclosed.

Players

Seth Gilford

Transwestern

Broker

1 deal

Broker
Transwestern
TranswesternBrokerage
Andy Crosland

Andy Crosland

Kobalt Investment Company

Buyer

$34.3M

vol

4 deals

Buyer
Kobalt Investment Company
Kobalt Investment CompanyBuyer

Temple 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