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

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:

• Property Type: Office
• Transaction Amount: Not specified
• Market: Dallas
• Buyer's Rep: Philip Levy (Marcus & Millichap), Vincent Knipp (Marcus & Millichap)
• Buyer: Private Investor
• Seller: Private Investor

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.