Rowlett, TX

Stabilized Multi-Tenant Medical Office Building

7801 Lakeview Pkwy | Rowlett, TX

  • Property Type

    Multi-Tenant Medical Office Building

  • Size

    15,440 Square Feet

  • Key Tenants

    Texas Cardiac Associates, LabCorp, North Texas ENT

  • Transaction Value

    $4,700,000

THE ASSET

  • 15,440 SF stabilized multi-tenant medical office building anchored by Texas Cardiac Associates, a renowned cardiology group and affiliate of Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas.

THE OPPORTUNITY

  • Acquire a stabilized asset located in the heart of a dominant retail & commercial corridor of Rowlett, TX in suburban Dallas.
  • Create value through lease extensions and sophisticated property/asset management.

THE RESULT

  • Currently executing our business plan for the asset, including minor cosmetic and landscaping improvements.
  • Negotiating an extension with a national tenant for an additional three-year term.
  • Four years from acquisition, plan to extend lease with anchor tenant.