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.
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