Office Medical

1440 N MacArthur Blvd

1440 N MacArthur Blvd, Irving, TX 75061

Listing Price: Request For Offer

Gross SF
5,584
Rentable SF
5,584
Year Built
1975
Lot Size
2.70 acres

Investment Overview

Marcus & Millichap is pleased to offer for sale this 5,584 square-foot medical office in Irving, Texas. The property is situated within a medical and dental office park and was constructed in 1975. It has had a new roof placed relatively recently and has had most major systems replaced in the last ten years. Operating costs are low and have little variance. The property is one hundred percent leased to medical tenants that have long tenure and/or specialized buildout. This bodes well for tenant retention over the next ownership cycle.

The property is situated on the signalized intersection of N MacArthur Boulevard and W Grauwyler Road. It is less than a quarter mile south of Highway 183 and the Baylor Scott & White - Irving hospital campus. The proximity provides convenience and an attractive draw for tenants, but the distance gives it a better neighborhood feel which is preferred by patients - giving this location a best-of-both-worlds advantage. It is also near many retail centers and schools.

The rental rates are comfortably within market with significant room for upside with further capex or TI investments. All tenants are on modified gross leases which gives the landlord complete control over the property operations. It also provides an incoming investor the option of adding value by simply converting to NNN leases while keeping NOI constant as rollover commences.

In short, this property provides an investor with a one hundred percent stabilized property with essential medical tenants and low operating costs. The location is strong which gives the asset long-term viability, and there are multiple avenues to further improve cash flow and equity position.

Investment Highlights

  • 100% leased
  • Proximity to Highway 183
  • Hard corner of N MacArthur Blvd and W Grauwyler Rd
  • Just south of the Baylor Scott & White - Irving campus
  • Part of medical office park

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Gross SF
5,584
Rentable SF
5,584
Year Built
1975
Lot Size
2.70 acres

Investment Highlights

  • 100% leased
  • Proximity to Highway 183
  • Hard corner of N MacArthur Blvd and W Grauwyler Rd
  • Just south of the Baylor Scott & White - Irving campus
  • Part of medical office park

Investment Overview

Marcus & Millichap is pleased to offer for sale this 5,584 square-foot medical office in Irving, Texas. The property is situated within a medical and dental office park and was constructed in 1975. It has had a new roof placed relatively recently and has had most major systems replaced in the last ten years. Operating costs are low and have little variance. The property is one hundred percent leased to medical tenants that have long tenure and/or specialized buildout. This bodes well for tenant retention over the next ownership cycle.

The property is situated on the signalized intersection of N MacArthur Boulevard and W Grauwyler Road. It is less than a quarter mile south of Highway 183 and the Baylor Scott & White - Irving hospital campus. The proximity provides convenience and an attractive draw for tenants, but the distance gives it a better neighborhood feel which is preferred by patients - giving this location a best-of-both-worlds advantage. It is also near many retail centers and schools.

The rental rates are comfortably within market with significant room for upside with further capex or TI investments. All tenants are on modified gross leases which gives the landlord complete control over the property operations. It also provides an incoming investor the option of adding value by simply converting to NNN leases while keeping NOI constant as rollover commences.

In short, this property provides an investor with a one hundred percent stabilized property with essential medical tenants and low operating costs. The location is strong which gives the asset long-term viability, and there are multiple avenues to further improve cash flow and equity position.

Exclusively Listed By

Financing By

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