2800 W Trenton Rd
Edinburg, TX 78539

Cornerstone Medical Park is a 60,920 SF office building located at 2800 W. Trenton Road at a prime intersection in the Medical Corridor of Edinburg, Texas. Anchored by credit tenancy, the asset provides innate value creation through lease-up of available space while offering stability through the exceptional tenant base. Constructed in 2003, the property consists of a three-story building situated on 2.82 acres and includes a 180-space parking lot (2.95:1 ratio), eight spaces of which are ADA compliant. In addition, the eastern portion of the building includes a six-lane drive-through banking facility. Cornerstone Medical Park is currently 86.7% occupied by eight tenants, with average annual rental rates of $17.86 PSF (average in-place rental rates are $4.00 higher than average market rates in South Texas). The property has an exceptional rent roll with 70% of the asset leased to credit tenants. Anchor tenants include Wells Fargo (Aa2), New York Life (Aaa), and Molina Healthcare of Texas (B2). The property has been institutionally maintained, limiting deferred maintenance and immediate capital expenditures. The property is a top tier office building in the Rio Grande Valley, which attracts a quality tenant base. The flexible layout and vacant suite sizes appeal to most users in the market and offers investors significant value-add through strategic long term leasing-up at market rates. There is also an additional signage income opportunity. Cornerstone Medical Park is ideally located in the South Edinburg/North McAllen area, just inside Edinburg’s Medical Corridor, and fronts one of the area’s major arterial roads. The site location is within one of the largest medical hubs in the Rio Grande Valley and offers strong nearby amenities. The property is in close proximity to high-end executive housing in Edinburg and is located less than 10 minutes from McAllen International Airport. Numerous major medical facilities, including Edinburg Regional Medical Center, Edinburg Childrens Hospital, and the Doctors Hospital at Renaissance, are located near the property. Cornerstone Medical Park is located at a primary intersection providing exceptional visibility with quick access to 10th street, a major Edinburg/McAllen thoroughfare housing a large amenity base and easy access to McAllen As of 2019, the property’s demographics are an estimated 83,987 individuals residing within a 3-mile radius, with an average household income of $79,908. In the same year, there were 4,349 businesses and 45,447 employees within a 3-mile radius of the property. With easy ingress, egress, excellent visibility at the intersection of two of Edinburg’s major arterial roads, as well as a stellar rent roll with upside potential, Cornerstone Medical Park offers an incredibly unique opportunity to acquire a premier office asset in the Edinburg/McAllen market.