Skip to main content

Office Medical

First Place Business Center

580 S Denton Tap Rd, Coppell, TX 75019

Listing Price: Request For Offer

Gross SF
32,989
Rentable SF
32,538
Occupancy
91.0%
Year Built
1985
Lot Size
1.90 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present First Place Business Center located at 580 S. Denton Tap Road, in Coppell, Texas. The property is currently 91 percent occupied by a mix of professional services including a large tenant base of medical uses. Occupancy has been strong throughout ownership and with the densely populated area, the future is bright. The multi-tenant, office building contains 32,538 rentable square feet. There have been recent roof improvements, the HVAC system is energy efficient, the building is FIOS ready, there is an elevator with conveniently located stairways, and the building is anchored by Texas Health Resource Center. First Place Business Center is conveniently located within a 10-minute drive to Baylor Scott & White Surgical Center and located on Denton Tap Road which is a major thoroughfare giving quick access to Interstate 635E, SH121, Sam Rayburn Tollway and President George Bush Turnpike. In addition, the Dallas/Fort Worth International Airport is within a 10-minute drive. The property benefits from strong demographics, serving a five-mile radius population of approximately 175,000 residents and within a one-mile radius an average household income exceeding $175,000. This investment opportunity boasts a strong medical tenant based anchored by Texas Health Resource Center occupying over 29 percent of rentable square feet. This tenant is one of the largest faith-based, nonprofit health systems in the United States and the largest in North Texas in terms of inpatients and outpatients served. With strong occupancy and NNN leases in-place for many tenants, the First Place Business Center is sure to be a solid investment for years to come.

Investment Highlights

  • Energy efficient HVAC System
  • Newer roof
  • Frontier FIOS ready building and Time Warner Business Class
  • Monument Signage
  • 50% medical tenants and national credit tenant in-place
  • NNN lease structure
  • 10-minute drive to Baylor Scott & White Surgical Center
  • Tenant base positioned to convert to 100% medical

Exclusively Listed By

Financing By

Office Medical

First Place Business Center

Listing Price: Request For Offer

Gross SF
32,989
Rentable SF
32,538
Occupancy
91.0%
Year Built
1985
Lot Size
1.90 acres

Investment Highlights

  • Energy efficient HVAC System
  • Newer roof
  • Frontier FIOS ready building and Time Warner Business Class
  • Monument Signage
  • 50% medical tenants and national credit tenant in-place
  • NNN lease structure
  • 10-minute drive to Baylor Scott & White Surgical Center
  • Tenant base positioned to convert to 100% medical

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present First Place Business Center located at 580 S. Denton Tap Road, in Coppell, Texas. The property is currently 91 percent occupied by a mix of professional services including a large tenant base of medical uses. Occupancy has been strong throughout ownership and with the densely populated area, the future is bright. The multi-tenant, office building contains 32,538 rentable square feet. There have been recent roof improvements, the HVAC system is energy efficient, the building is FIOS ready, there is an elevator with conveniently located stairways, and the building is anchored by Texas Health Resource Center. First Place Business Center is conveniently located within a 10-minute drive to Baylor Scott & White Surgical Center and located on Denton Tap Road which is a major thoroughfare giving quick access to Interstate 635E, SH121, Sam Rayburn Tollway and President George Bush Turnpike. In addition, the Dallas/Fort Worth International Airport is within a 10-minute drive. The property benefits from strong demographics, serving a five-mile radius population of approximately 175,000 residents and within a one-mile radius an average household income exceeding $175,000. This investment opportunity boasts a strong medical tenant based anchored by Texas Health Resource Center occupying over 29 percent of rentable square feet. This tenant is one of the largest faith-based, nonprofit health systems in the United States and the largest in North Texas in terms of inpatients and outpatients served. With strong occupancy and NNN leases in-place for many tenants, the First Place Business Center is sure to be a solid investment for years to come.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower