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Office Medical

5308 N Galloway

5308 N Galloway Ave, Mesquite, TX 75150

Listing Price: $6,000,000

Cap Rate
4.80%
Gross SF
18,536
Rentable SF
18,089
Price/Gross SF
$323.69
Occupancy
90.0%
Year Built
2006
Lot Size
1.56 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 5308 N Galloway in Mesquite, Texas. The property’s major tenants include Laboratory Corporation of America, Dallas Medical Physician Group, and Dallas Nephrology Associates. Constructed in 2006, the property is an attractive two-story, 18,536-square-foot - medical office building. The investment presents an excellent opportunity to acquire an income-producing asset with historical, consistent cash flow. The property is 90 percent occupied, offering upside potential through leasing the vacant space at market rents. The property has a 4.8 percent cap rate based on actual numbers. The building’s close proximity to I-635 and I-30 makes the location ideal for commuting as well as increased opportunity for higher patient volume from outside of the Mesquite area. The landscaping is well-manicured and attractive. The property’s good condition, central location in the Dallas/Fort Worth metroplex, excellent access to several highways and strong economic environment makes this a strong investment opportunity. 5308 North Galloway medical office benefits from strong demographics, serving a three-mile population of approximately 144,742 residents and with a one-mile average household income exceeding $71,044.

Investment Highlights

  • Well-Positioned Class B Medical Office Building
  • 90% Occupied by High Credit Medical Tenants
  • Historically Consistent Cash Flow
  • Upside Through Leasing Vacant Space at Market Rents
  • Proximity to Dallas Regional Medical Center
  • Densely Populated Area with 314,932 Residents Within Five Miles

Exclusively Listed By

Financing By

Office Medical

5308 N Galloway

Listing Price: $6,000,000

Cap Rate
4.80%
Gross SF
18,536
Rentable SF
18,089
Price/Gross SF
$323.69
Occupancy
90.0%
Year Built
2006
Lot Size
1.56 acres

Investment Highlights

  • Well-Positioned Class B Medical Office Building
  • 90% Occupied by High Credit Medical Tenants
  • Historically Consistent Cash Flow
  • Upside Through Leasing Vacant Space at Market Rents
  • Proximity to Dallas Regional Medical Center
  • Densely Populated Area with 314,932 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 5308 N Galloway in Mesquite, Texas. The property’s major tenants include Laboratory Corporation of America, Dallas Medical Physician Group, and Dallas Nephrology Associates. Constructed in 2006, the property is an attractive two-story, 18,536-square-foot - medical office building. The investment presents an excellent opportunity to acquire an income-producing asset with historical, consistent cash flow. The property is 90 percent occupied, offering upside potential through leasing the vacant space at market rents. The property has a 4.8 percent cap rate based on actual numbers. The building’s close proximity to I-635 and I-30 makes the location ideal for commuting as well as increased opportunity for higher patient volume from outside of the Mesquite area. The landscaping is well-manicured and attractive. The property’s good condition, central location in the Dallas/Fort Worth metroplex, excellent access to several highways and strong economic environment makes this a strong investment opportunity. 5308 North Galloway medical office benefits from strong demographics, serving a three-mile population of approximately 144,742 residents and with a one-mile average household income exceeding $71,044.

Exclusively Listed By

Financing By

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