facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Sale

/

13000 Josey Ln, Farmers Bra...

Updated Sep 9, 2024

Marcus & Millichap Brokers Sale Of Farmers Branch Medical Office To Private Investor
SOLDOffice

Marcus & Millichap Brokers Sale Of Farmers Branch Medical Office To Private Investor

13000 Josey Ln, Farmers Branch, TX...

Building Size

5,000 SF

Asset Type

Office

Closing

Apr 13, 2020

About this deal

AI

The property involved in the transaction is a 5,000-square-foot medical office building located at 13000 Josey Lane in Farmers Branch, Texas. The building is fully leased to Baylor Scott & White Institute for Rehabilitation. The facility provides skilled physical therapy services for various medical needs including sports injuries, post-surgical rehabilitation, general orthopedics, and return-to-work rehabilitation. Situated in a dense commercial area, this single-story building was completed in 2018.

Summary of transaction details:

The sale of the medical office building was facilitated by Marcus & Millichap. Senior Managing Directors Philip Levy and Vincent Knipp represented both the buyer (a private investor) and the seller (a private investor) in the transaction. Additionally, in the same region, a 49,000-square-foot medical building partially leased to Baylor Scott & White Health was sold in Plano, Texas for over $20 million to Healthcare Realty Trust Inc in a separate transaction in November.

On the Map

Open live map

Office

View full map

Players

Philip Levy

Marcus & Millichap

Broker

$34.7M

vol

48 deals

Broker
Bilt advertisement

Dallas Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

Visit Vincent Knipp to view all their deals.

Browse Dallas office sales on Traded.

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

More Deals

Nearby Markets