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Office Medical

Whispering Farms Commercial Center

2450 E Prosper Trail, Prosper, TX 75078

Listing Price: $2,850,000

Cap Rate
5.79%
Gross SF
6,695
Rentable SF
6,695
Price/Gross SF
$425.69
Occupancy
100.0%
Year Built
2013
Lot Size
0.69 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer the opportunity to purchase the fee simple property located at 2450 East Prosper Trail, Prosper, Texas. The subject property was built in 2013 by the current owner. The property is currently 100 percent occupied by Athletico Physical Therapy, Prosper Laser Services and Prosper Dental Health with personal guarantees from all tenants. Athletico Physical Therapy and Prosper Dental Heath currently have triple-net leases in place and Prosper Laser Services has a gross lease in place, along with annual rent bumps for all tenants. This investment opportunity presents an ideal opportunity for investors looking for minimal landlord responsibilities. The building contains 6,695 square feet of total rentable area and is conveniently located less than two miles from both Highway 380 and the North Preston Road, allowing for easy access to the property. The property is located on East Prosper Trail, next to the Roberts Dental Ranch and the Whispering Farms Montessori Academy. The property benefits from strong demographics, serving a five-mile population of approximately 93,581 residents with a one-mile average household income exceeding $201,382.

Investment Highlights

  • 100% Occupied by Medical Tenants
  • 6,695-Square-Foot, Multi-Tenant Medical Office Building
  • Over 50% of Tenants on NNN Leases
  • Annual Rent Bumps for All Tenants with Options
  • Personal Guarantee From All Tenants
  • Densely Populated Area with 93,581 Residents Within Five Miles

Exclusively Listed By

Financing By

Office Medical

Whispering Farms Commercial Center

Listing Price: $2,850,000

Cap Rate
5.79%
Gross SF
6,695
Rentable SF
6,695
Price/Gross SF
$425.69
Occupancy
100.0%
Year Built
2013
Lot Size
0.69 acres

Investment Highlights

  • 100% Occupied by Medical Tenants
  • 6,695-Square-Foot, Multi-Tenant Medical Office Building
  • Over 50% of Tenants on NNN Leases
  • Annual Rent Bumps for All Tenants with Options
  • Personal Guarantee From All Tenants
  • Densely Populated Area with 93,581 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer the opportunity to purchase the fee simple property located at 2450 East Prosper Trail, Prosper, Texas. The subject property was built in 2013 by the current owner. The property is currently 100 percent occupied by Athletico Physical Therapy, Prosper Laser Services and Prosper Dental Health with personal guarantees from all tenants. Athletico Physical Therapy and Prosper Dental Heath currently have triple-net leases in place and Prosper Laser Services has a gross lease in place, along with annual rent bumps for all tenants. This investment opportunity presents an ideal opportunity for investors looking for minimal landlord responsibilities. The building contains 6,695 square feet of total rentable area and is conveniently located less than two miles from both Highway 380 and the North Preston Road, allowing for easy access to the property. The property is located on East Prosper Trail, next to the Roberts Dental Ranch and the Whispering Farms Montessori Academy. The property benefits from strong demographics, serving a five-mile population of approximately 93,581 residents with a one-mile average household income exceeding $201,382.

Exclusively Listed By

Financing By

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