SOLDOther
David Parker Acquires Midlothian Veterinary Clinic From Seller Reese Tipton For $1.5M
840 East Main Street
Building Size
4,800 SF
Asset Type
Other
Closing
Sep 21, 2026
About this deal
AI
The veterinary hospital involved in this transaction is located at 840 East Main Street in Midlothian. The asset spans 4,800 square feet and is positioned within the Dallas-Fort Worth market. The sale was completed on September 21, 2026.
Summary of transation details:
- Property Type: Veterinary Hospital
- Transaction Amount: Not specified
- Address: 840 East Main Street
- Market: Midlothian
- Buyer: David Parker
- Seller: Reese Tipton
- Brokers: Jackie Moeller & Daniel Solomon - Kidder Mathews
Daniel Solomon and Jackie Moeller of The Solomon Healthcare Advisory Team represented the seller, Reese Tipton, due to their expertise in the veterinary real estate sector. This successful transaction further establishes The Solomon Healthcare Advisory Team's reputation as a leading entity in veterinary real estate across Texas and the Western United States.
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Midlothian Other Market Snapshot
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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