Marcus & Millichap (NYSE: MMI) on May 10 announced the sale of Healthcare Associates of Texas, a 10,750-square foot net-leased property located in Southlake, according to Timothy A. Speck, first vice president district manager of the firm’s Dallas office.
“Medical real estate, especially in high income areas, continues to be a major target for investors across the spectrum of ownership. Marcus & Millichap’s unique platform allowed us to reach across property types and find the buyer who will pay the absolute top dollar for these assets,” said Zach Ryan, associate in Marcus & Millichap’s Dallas office.
Ryan, and Ron Hebert, first vice president investments in Marcus & Millichap’s Dallas office, represented the seller, a local Southlake investor who previously operated in the building prior to their acquisition by a large regional medical group last year. The buyer, a local Southlake investor, was secured and represented by Mark Allen, senior associate in Marcus & Millichap’s Dallas office.
“The Marcus & Millichap platform consistently has the largest numbers of available commercial listings of all product types, giving our clients numerous great options to diversify their holdings,” said Allen.
Healthcare Associates of Texas is located at 1001 W Southlake Blvd in Southlake. Medical assets continue to be insulated from potential market downturns and continue to maintain a high level of desirability from investors across the spectrum of ownership.
