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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 | Building Class | B |
Unit Size | 4,634 SF | Floors | 1 |
No. Units | 1 | Typical Floor Size | 9,479 SF |
Total Building Size | 9,479 SF | Year Built | 2024 |
Property Type | Office (Condo) | Lot Size | 4.49 AC |
Property Subtype | Medical | Parking Ratio | 1.69/1,000 SF |
Sale Type | Investment |
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 | Sale Status | Under Contract |
Price | $2,396,134 | Cap Rate | 6.50% |
Price Per SF | $517.08 | NOI | $155,748.72 |
Condo Use | Office/Medical | No. Parking Spaces | 16 |
Sale Type | Investment | APN/Parcel ID | 2878621 |
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) |
Presented by
2164 Lake Forest Dr - Building 7, Suite 708 & 712
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