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Office

The Landing Medical Office

6800 Heritage Pkwy, Rockwall, TX 75087

Listing Price: $2,650,000

Cap Rate
6.16%
Gross SF
15,766
Rentable SF
13,342
Price/Gross SF
$168.08
Lot Size
1.25 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to offer The Landing, a two-story medical office building located in Rockwall, Texas. Built in 1986 and renovated in 2004, The Landing affords an owner/user or investor the opportunity to acquire a well-leased and stable asset, due to the high demand for outpatient clinics and supportive services. The property is approximately 13,342 square feet and is located on the shoreline of Lake Ray Hubbard, just minutes from Baylor Scott & White Medical Center – Lake Pointe. This multi-tenant building is situated on 1.25 acres of land and features quick access to Highway 66. Baylor Scott & White Medical Center is located less than a quarter of a mile from the subject property. The largest faith-based not-for-profit healthcare system in America, Baylor Scott & White includes 48 hospitals, more than 1,000 patient care sites, more than 5,500 active physicians, and over 44,000 employees. The Subject Property has a convenient and accessible location just off Highway 66, about five miles North of I-30, about three miles East of President George Bush Turnpike and about five miles West of John Kind Blvd. The property sits about 35 miles from Dallas Love Field Airport, 42 miles from DFW International Airport, and 23 miles from downtown Dallas. The accessibility of The Landing allows residents to work, play, live and shop all in one location.

Investment Highlights

  • 6.16% Cap Rate and 8.25% Pro Forma Cap Rate
  • Great for Owner/User or Investor
  • Value-Add Two-Story Medical Office Building with Ample Parking
  • Irreplaceable Location Adjacent to Baylor Scott & White Hospital
  • Convenient Location Near Highway 66 in Rockwall, Texas

Exclusively Listed By

Office

The Landing Medical Office

Listing Price: $2,650,000

Cap Rate
6.16%
Gross SF
15,766
Rentable SF
13,342
Price/Gross SF
$168.08
Lot Size
1.25 acres
Year Built
1986

Investment Highlights

  • 6.16% Cap Rate and 8.25% Pro Forma Cap Rate
  • Great for Owner/User or Investor
  • Value-Add Two-Story Medical Office Building with Ample Parking
  • Irreplaceable Location Adjacent to Baylor Scott & White Hospital
  • Convenient Location Near Highway 66 in Rockwall, Texas

Investment Overview

Marcus & Millichap is pleased to offer The Landing, a two-story medical office building located in Rockwall, Texas. Built in 1986 and renovated in 2004, The Landing affords an owner/user or investor the opportunity to acquire a well-leased and stable asset, due to the high demand for outpatient clinics and supportive services. The property is approximately 13,342 square feet and is located on the shoreline of Lake Ray Hubbard, just minutes from Baylor Scott & White Medical Center – Lake Pointe. This multi-tenant building is situated on 1.25 acres of land and features quick access to Highway 66. Baylor Scott & White Medical Center is located less than a quarter of a mile from the subject property. The largest faith-based not-for-profit healthcare system in America, Baylor Scott & White includes 48 hospitals, more than 1,000 patient care sites, more than 5,500 active physicians, and over 44,000 employees. The Subject Property has a convenient and accessible location just off Highway 66, about five miles North of I-30, about three miles East of President George Bush Turnpike and about five miles West of John Kind Blvd. The property sits about 35 miles from Dallas Love Field Airport, 42 miles from DFW International Airport, and 23 miles from downtown Dallas. The accessibility of The Landing allows residents to work, play, live and shop all in one location.

Exclusively Listed By

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