West Plano Medical Offering
77,800 SF Medical Building nestled on 9 acres at an attractive cost basis
77,800 SF on 9.3 acres

Prestonwood Medical Center is a Class A facility with 77,800 SF medical office with suites available from 2,000-32,000 sqft located in the upscale Prestonwood neighborhood of Plano, TX. New ownership is repositioning the tenant mix of the property with a focus on identifying synergistic tenants so as to facilitate each tenants success.The building is in very good condition but ownership is making additional improvements to ensure that tenants visitors feel welcome and have a good experience when visiting their medical provider.

  • Building in excellent condition
  • Little to Zero Tenant improvement required as many suites are move in ready
  • Various sizes from 2,000 to 32,000 sf available
  • New ownerships low cost basis means rents are below market
  • Significant effort to ensure synergies exist between each Tenant
  • Opportunity for Tenant to invest in building ownership
  • Abundant parking and ease of access for staff and patients
  • Private parking for doctors
  • Minutes from Dallas North Tollway (DNT) and George Bush Hway
  • Close to Major Health Systems: 1 mile Presbyterian Hospital, 2 miles Carrolton Medical Center, 4 miles Baylor Plano, 5 mile Medical City Plano
  • Off market institutional sale at significantly below last purchase price
  • Last owner paid $28.5M and current tax assessed value is $20.5M!
  • 9.31 acres of land in a prime location in West Plano and one could argue that we are paying land value.
  • Well below replacement cost with in-place cash flow yielding 7.25% CAP at 45% occupancy in an all cash transaction.
  • At 85% occupancy will stabilize at a 14%+ CAP Rate.
  • Post stabilization sharia compliant financing should return equity thus de-risking our equity position.
  • Year 7 sale provides 26% IRR.
  • Interior condition is good second generation medical space and some suites are move in ready with some in Class A condition
Office
7000 W Plano Pkwy                  
Suite 245
Plano, TX 75093
Contact
+1 (469) 676-8825info@usreofund.com
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