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2164 Lake Forest Dr - Building 7, Suite 708 & 712

4,634 SF Office/Medical Condo Unit Offered at $2,396,134 in McKinney, TX 75071

Investment Highlights

  • East side of McKinney Baylor Scott&White
  • Single Story Office Condo with great signage
  • Just north of W Univerity Drive / Hwy 380
  • North of Kroger Super Center includes Bank, Eateries and more medical office

Executive Summary

This office campus is situated on approximately 4.49 acres at a prime location at the NEQ of N Lake Forest Drive & Hwy 380 (University Drive) across the street from McKinney Baylor Scott @ White Hospital (2012). There exists 8 free standing buildings within the Campus some of which are sold to medical practices and or leased to them as the tenant. The campus is positioned on the north side of Hwy 380 / W. University on the east side of N. Lake Forest Drive, just to the south of all the continued growth in McKinney, Texas. Baylor Scott & White McKinney Hospital is across the street to the west , Kroger's Grocery Shopping Center is at the SWC of Hwy 380 & N Lake Forest as well as having to the south side of the subject property Walgreens, Taco Bell & Whataburger. Just to the east side of the campus is the Belterra Skilled Care & Rehabilitation Facility. To add to all these great uses Collin Springs Behavioral Health Hospital & Rehabilitation joined the area March 2024. The property is surrounded by residential developments as well as Grocery & Retail type uses. The site is close to regional shopping, local eateries and banking.

Property Facts Under Contract

Price $2,396,134
Unit Size 4,634 SF
No. Units 1
Total Building Size 9,479 SF
Property Type Office (Condo)
Property Subtype Medical
Sale Type Investment
Building Class B
Floors 1
Typical Floor Size 9,479 SF
Year Built 2024
Lot Size 4.49 AC
Parking Ratio 1.69/1,000 SF

1 Unit Available

Unit 712

Unit Size 4,634 SF
Price $2,396,134
Price Per SF $517.08
Condo Use Office/Medical
Sale Type Investment
Sale Status Under Contract
Cap Rate 6.50%
NOI $155,748.72
No. Parking Spaces 16
APN/Parcel ID 2878621
Description

USOSM / Oral Surgery Center:  A specialty management services company that exclusively serves premier oral and maxillofacial surgeons  has established itself as an industry leader. It was the first company of its kind, similar to a dental service organization (DSO), but focusing solely on premier oral and maxillofacial surgeons.  They continues to lead the industry today, with approximately 53 partner practices,  133 sites of service and 156 surgeon partners,  across 19 states.  All of which consistently achieve a  Net Promoter Score™  (NPS)  of  80 or above,  according to the reputation management company Birdseye

The office campus is situated  on approximately 4.49 acres at a prime location at  the NEQ of  N Lake Forest Drive & Hwy 380 (University Drive) across the street from McKinney Baylor Scott @ White Hospital (2012).  There exists 8 free standing buildings within the Campus some of which are sold to medical practices and or leased to them as the tenant.   The campus is positioned on the  north side of Hwy 380 / W. University on the east side of N. Lake Forest Drive,  just to the south of all the continued growth in McKinney, Texas.  
Baylor Scott & White McKinney Hospital is across the street to the west , Kroger's Grocery Shopping Center is at the SWC of Hwy 380 & N Lake Forest as well as having to the south side of the subject property Walgreens, Taco Bell & Whataburger.  Just to the east side of the campus is the Belterra Skilled Care & Rehabilitation Facility.  
To add to all these great uses  Collin Springs Behavioral Health Hospital & Rehabilitation joined the area March 2024. The property is surrounded by residential developments as well as Grocery & Retail type uses. The site is close to regional shopping, local eateries and banking.

Major Tenant Information

TENANT SF OCCUPIED LEASE END DATE
USOSM 4,634 SF August 2034

zoning

Zoning Code O-1 (Office uses, medical uses and some retail service uses all subject to parking)
O-1 (Office uses, medical uses and some retail service uses all subject to parking)
  • Listing ID: 32397224

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 2164 Lake Forest Dr, McKinney, TX 75071

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