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1125 E Campbell Rd Richards...

Medical Practice Solutions Leases 12K SF Healthcare Space In Richardson
LEASEDOffice

Medical Practice Solutions Leases 12K SF Healthcare Space In Richardson

1125 E Campbell Rd Richardson, TX 75081, USA

Building Size

12,203 SF

Asset Type

Office

Closing

Jun 19, 2023

AI

Medical Practice Solutions has leased a 12,203-square-foot healthcare space located at 1125 East Campbell Road in Richardson, Dallas. The property, owned by Stanton Road Capital, is situated in a highly sought-after market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 1125 East Campbell Road
  • Market: Richardson
  • Square Footage: 12,203

The lease transaction was negotiated by Clint Madison, John Fancher, and Zach Bean from Cushman & Wakefield, who represented the landlord, Stanton Road Capital. On behalf of the tenant, Medical Practice Solutions, Kent Smith from NAI Robert Lynn acted as the tenant's representative.

This lease agreement demonstrates the growing demand for healthcare spaces in the Richardson area, with Medical Practice Solutions securing a significant space to support their operations. Both Cushman & Wakefield and NAI Robert Lynn played integral roles in facilitating the deal, ensuring the satisfaction of both the landlord and the tenant.

Players

Kent Smith

NAI Global

Broker

7 deals

Broker
Stanton Road Capital
Stanton Road CapitalLandlord

Texas Office Market Snapshot

Boundary boundary · Office · Lease 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