Skip to main content

Office Medical

Wesley Medical Plaza (DFW)

4101 Wesley St, Greenville, TX 75401

Listing Price: $7,000,000

Cap Rate
7.34%
Gross SF
35,390
Rentable SF
35,390
Price/Gross SF
$197.80
Occupancy
94.0%
Year Built
1982
Lot Size
1.79 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 4101 Wesley Street, in Greenville, Texas (DFW Metroplex). The property’s major tenants include Jack M. Thomas, M.D., Hulsey Therapy Services, PC, Dee G. McCrary, M.D. and Hunt Regional Medical Partners. The subject medical office building was built in 1982 and has been well maintained by the seller for the past six years. Currently the property is 94 percent occupied and all tenants are on triple net leases. This property has a history of consistent cashflow, making it an attractive opportunity for an investor looking to a retain a high-quality asset with consistent returns. The upside for this property would be through collecting management fee reimbursements that is stated in the executed leases, which in turn would increase investors overall initial cash-on-cash return of 9.68 percent. An investor has the opportunity to invest into a stabilized asset with minimal landlord responsibilities and good credit tenants in a strong and growing market (DFW). The multi-tenant, office building contains a total of 36,100 square feet of gross area and is conveniently located approximately one mile from the U.S. 380 and Interstate 30, allowing for easy access to the property. The office building is located on Wesley Street, across from the street from the Jacob Cathedral C.O.G.T.C. and next to the South Gate Shopping Center. Wesley Street sees a moderate estimated annual average daily traffic count of 12,225 vehicles. The property benefits from strong demographics, serving a three-mile population of approximately 26,339 residents with a one-mile average household income exceeding $48,496.

Investment Highlights

  • 36,100-Square-Foot, Multi-Tenant Medical Office Building
  • 94% Occupied by Medical Tenants
  • All Tenants on NNN Lease
  • Upside Through Collecting Management Fee Reimbursements
  • Frontage on Wesley Street
  • Close Proximity to Hunt Regional Medical Center

Exclusively Listed By

Financing By

Office Medical

Wesley Medical Plaza (DFW)

Listing Price: $7,000,000

Cap Rate
7.34%
Gross SF
35,390
Rentable SF
35,390
Price/Gross SF
$197.80
Occupancy
94.0%
Year Built
1982
Lot Size
1.79 acres

Investment Highlights

  • 36,100-Square-Foot, Multi-Tenant Medical Office Building
  • 94% Occupied by Medical Tenants
  • All Tenants on NNN Lease
  • Upside Through Collecting Management Fee Reimbursements
  • Frontage on Wesley Street
  • Close Proximity to Hunt Regional Medical Center

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 4101 Wesley Street, in Greenville, Texas (DFW Metroplex). The property’s major tenants include Jack M. Thomas, M.D., Hulsey Therapy Services, PC, Dee G. McCrary, M.D. and Hunt Regional Medical Partners. The subject medical office building was built in 1982 and has been well maintained by the seller for the past six years. Currently the property is 94 percent occupied and all tenants are on triple net leases. This property has a history of consistent cashflow, making it an attractive opportunity for an investor looking to a retain a high-quality asset with consistent returns. The upside for this property would be through collecting management fee reimbursements that is stated in the executed leases, which in turn would increase investors overall initial cash-on-cash return of 9.68 percent. An investor has the opportunity to invest into a stabilized asset with minimal landlord responsibilities and good credit tenants in a strong and growing market (DFW). The multi-tenant, office building contains a total of 36,100 square feet of gross area and is conveniently located approximately one mile from the U.S. 380 and Interstate 30, allowing for easy access to the property. The office building is located on Wesley Street, across from the street from the Jacob Cathedral C.O.G.T.C. and next to the South Gate Shopping Center. Wesley Street sees a moderate estimated annual average daily traffic count of 12,225 vehicles. The property benefits from strong demographics, serving a three-mile population of approximately 26,339 residents with a one-mile average household income exceeding $48,496.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower