810 Zang Blvd, Dallas, TX 75208
12,000 SF | 100% Leased | Office Building | Dallas, TX 75208 | $4,200,000 ($350/SF) | 6.24% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,200,000
- Property Type
-
Office
- Square Feet
- 12,000 SF
- Price / Square Foot
- $350
Listing Contacts
Michael Campbell
Verified Profile
Jacqui Pascual
Verified Profile
- Property Info
Property Overview
Methodist Orthopaedic Surgical Associates is situated in the historic Bishop Arts District of Dallas, less than 1-mile away from Methodist Dallas Medical Center. The property is surrounded by a mix of medical facilities, retail establishments, and residential developments.
Property Details
- Class
- B
- Year Built
- 2005
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 28,750 SF
Highlights
- Methodist Medical Group, within Methodist Health System, achieves a $2 billion operating revenue with an Aa3 Moody’s credit rating
- Methodist Health System stands as the premier and trusted multi-specialty provider in a 10-mile radius of the subject property
- Dallas-Fort Worth, now the 4th largest MSA in the U.S., is expected to outpace Chicago and rank 3rd by 2030, marking the fastest growth in 2022.
- he property provides a cost-effective investment due to leases having below-market rents compared to inflated asset values.
- The property sits in Bishop Arts district, close to medical, retail, and residential developments, less than a mile from Methodist Dallas Medical Cent
- Methodist signed an 11-year lease in 2019, and Dr. Goh recently extended his lease by 3 years starting February 1, 2024, showing ongoing commitment
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