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
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