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6701 Heritage Parkway

Big Sky Medical Acquires Lake Pointe Medical Plaza In Rockwall For 46,359 Square Feet
SOLDMedical Office

Big Sky Medical Acquires Lake Pointe Medical Plaza In Rockwall For 46,359 Square Feet

6701 Heritage Parkway

Building Size

46,359 SF

Asset Type

Medical Office

Closing

May 6, 2025

AI

The property involved in the transaction is a medical office asset located at 6701 Heritage Parkway in Rockwall, TX. It encompasses a total square footage of 46,359, and is situated within the Baylor Scott & White campus. The asset is currently fully leased to medical tenants.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not disclosed
  • Square Footage: 46,359
  • Address: 6701 Heritage Parkway
  • Market: Rockwall
  • Buyer: Jason L. Signor & Chris Morgan
  • Buyer's Organization: Big Sky Medical

Jason L. Signor and Chris Morgan of Big Sky Medical acquired the Lake Pointe Medical Plaza in an off-market deal to expand their healthcare portfolio. The property, consisting of two buildings, is strategically located in one of Texas’s fastest-growing counties.

Players

Jason L. Signor

Big Sky Medical

Buyer

$487.4M

vol

6 deals

Buyer
BM
Big Sky MedicalBuyer

Rockwall 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