2-Property WellMed Portfolio
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2-Property WellMed Portfolio
2 Office Properties Offered at $1,993,512 in Multiple Locations
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a two-property WellMed Medical Portfolio located in Texas, available separately or together as a portfolio investment. The properties feature corporate guaranteed double net (NN) leases, with rent increases of three percent every three years throughout base term and option periods. Both properties offer two five-year tenant renewal options.
WellMed is a healthcare company generating multi-billion-dollar revenue, primarily serving the senior population in Texas and Florida. WellMed operates over 400 doctors’ offices and clinics, providing care for more than 1 million older adults. WellMed is a subsidiary of Optum, a UnitedHealth Group company.
WellMed is a healthcare company generating multi-billion-dollar revenue, primarily serving the senior population in Texas and Florida. WellMed operates over 400 doctors’ offices and clinics, providing care for more than 1 million older adults. WellMed is a subsidiary of Optum, a UnitedHealth Group company.
Property Facts
| Price | $1,993,512 | Number of Properties | 2 |
| Price / SF | $226.77 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 8,791 SF |
| Sale Type | Investment | Total Land Area | 0.43 AC |
| Status | Active |
| Price | $1,993,512 |
| Price / SF | $226.77 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,791 SF |
| Total Land Area | 0.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 620 N Oconnor Rd, Irving, TX 75061 | Office | 4,045 SF | 1968 | - |
| 1401 W Jefferson Blvd, Dallas, TX 75208 | Office | 4,746 SF | 1960 | - |
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Barry Wolfe -
Alan Lipsky -
Timothy Speck -
Wolfe-Lipsky Retail Group of Marcus & Millichap
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2-Property WellMed Portfolio
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