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Ventas Acquires Medical Office In Plano For $58M

Property Image
SOLD
$58,000,000

Texas

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Office101,608 SF
Sold 12/06/2021
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Property Image
SOLD

Ventas Acquires Medical Office In Plano For $58M

5120 Legacy Drive, Plano, TX 75024, USA

See Similar Deals
Office101,608 SF
Sold 12/06/2021
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$570
Total Square Footage:101,608 SF
Transaction Type:Sale

The medical office located at 5120 Legacy Dr in Plano has been sold in a transaction valued at $58,000,000. The property, with a total area of 101,608 square feet, was recently purchased by Ventas from Cawley Partners. This medical office, situated in the Plano market, offers a prime location for healthcare services. With a price per square foot of $571, it represents a significant investment opportunity.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $58,000,000
  • Address: 5120 Legacy Dr
  • Market: Plano
  • Buyer: Ventas
  • Seller: Cawley Partners
  • Brokers: Travis Ives & Gino Lollio - Cushman & Wakefield
  • Size: 101,608 square feet
  • Price per Square Foot: $571

Travis Ives and Gino Lollio from Cushman & Wakefield played a crucial role in facilitating the sale. Their expertise and negotiation skills contributed to the successful completion of this transaction. The involvement of these brokering professionals ensures that the interests of both the buyer, Ventas, and the seller, Cawley Partners, were well-represented throughout the deal.

Players

Travis Ives
16 deals$493.4M volume
BROKER

Gino J. Lollio
Cushman & Wakefield
15 deals$482.4M volume(312) 338-7061
BROKER

SELLER

Details

SOLD
IMAGE: Travis Ives & Gino Lollio DATE: 12/06/2021 ADDRESS: 5120 Legacy Dr MARKET: Plano ASSET TYPE: Medical Office BUYER: Ventas SELLER: Cawley Partners (@CawleyPartners) BROKERS: Travis Ives & Gino Lollio - Cushman & Wakefield (@CushWake) SALE PRICE: $58,000,000 SF: 101,608 ~ PPSF: $571

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