Independence Medical Center
51,684 SF | 83% Leased | Office Building | Plano, TX 75023 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- Square Feet
- 51,684 SF
Listing Contacts
Jerad Rector
Verified Profile
Shayna Thalken
Verified Profile
- Property Info
Property Overview
Independence Medical Center ("IMC") is a multi-tenant,3-story medical office building well located in the heart of Plano, TX at the hard corner of Independence Parkway and Spring Creek Boulevard. The property was built in 1986 and renovated in 2019-2020. IMC has approximately 57,478 SF and sits on 3 acres of land surrounded by retail, residential, and nearby hospitals. The property currently has 28
suites and a large atrium with a glass skylight offering tons of natural light. Upon acquisition, current ownership spent significant capital
improving the landscaping, waterproofing the building, modernizing the restrooms and lobby by adding new flooring, new LED lighting, furniture, wall decor, good walls, and a digital directory. IMC is near several hospitals: 5.2 miles from Baylor Scott & White, The Heart Hospital - Plano,3.6 miles to the Medical City of Plano, and 5.1 miles to TexasHealth Presbyterian Hospital of Dallas. Tenants are currently on NNN leases and the property sits at about 83% occupancy. There is significant room to improve the performance of the asset by filling the remaining vacancies.
Independence Medical Center is being offered for sale on a fee-simple, free, and clear basis.
*Rooftop rights were sold by a previous
**The listing broker has an ownership interest in this property
suites and a large atrium with a glass skylight offering tons of natural light. Upon acquisition, current ownership spent significant capital
improving the landscaping, waterproofing the building, modernizing the restrooms and lobby by adding new flooring, new LED lighting, furniture, wall decor, good walls, and a digital directory. IMC is near several hospitals: 5.2 miles from Baylor Scott & White, The Heart Hospital - Plano,3.6 miles to the Medical City of Plano, and 5.1 miles to TexasHealth Presbyterian Hospital of Dallas. Tenants are currently on NNN leases and the property sits at about 83% occupancy. There is significant room to improve the performance of the asset by filling the remaining vacancies.
Independence Medical Center is being offered for sale on a fee-simple, free, and clear basis.
*Rooftop rights were sold by a previous
**The listing broker has an ownership interest in this property
Property Details
- Class
- B
- Year Built
- 1986
- Stories
- 3
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 130,680 SF
Highlights
- Fantastic location at the corner of Spring Creek Parkway and Independence Parkway in the center of Plano.
- The average household income in Plano is $120,835 with 53% of the population with a college degree.
- As of the most recent census data collected, Plano's population stands at 290,000 and growing year over year.
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