Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership in the Mason Professional Medical Office building located in Garland, Texas. The property is located on 901 W Campbell Rd, Garland with approximately 6,857 square feet of rentable space. The property is fully occupied by Janet R Mason D.D.S a dentist office as well as Firefighters First Federal Credit Union. The subject office building was built in 2007 and is an excellent investor opportunity. An incoming investor should be looking to capture the yield from the fully occupied property with NNN leases. The Credit Union is expanding into the DFW market and has selected this site as their primary location. They have recently spent close to $500,000 in tenant improvements to fit their needs. The dental practice has operated at this location for a number of years and maintains a strong book of business in the surrounding neighborhoods. Once established, dental practices tend to be long term tenants. The upside on this deal will come in the form of annual rent bumps with the Dental practice having their next increase in January of 2024 and the Credit Union in September 2024. The multi-tenant medical office building is conveniently located less than one and a half miles from President George Bush Turnpike, allowing for easy access to the property. The intersection of West Campbell Rd and North Garland Ave has an estimated average daily traffic volume of 20,175 vehicles. Mason Professional benefits from strong demographics, serving a five-mile population of approximately 285,217 residents with a one-mile average household income exceeding $174,963