Capital Markets | Healthcare & Life Sciences
Just Closed
Medical Outpatient Building in Dallas-Fort Worth MSA On-Campus of the Baylor Scott & White Medical Center – Irving
CBRE
Transaction Highlights
Date Closed: February 8, 2024
Size: 54,941 SF
Occupancy: 68%
Baylor Irving MOB III | 2005 West Park Drive | Irving, Texas
CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Baylor Irving MOB III (the “Property”), located in Irving, TX at the heart of the Dallas-Fort Worth metropolitan area. Chris Bodnar, Zack Holderman, Trent Jemmett, Cole Reethof and Jesse Greshin partnered with CBRE’s Michael Dewey, Russell Ingrum, Scott Herbold and Matt Murphy in the local market to act as the seller’s exclusive advisors.
The Property is a state-of-the-art Class ‘A’, 54,941-square-foot medical outpatient building positioned on the campus of the 293-bed Baylor Scott & White Medical Center – Irving, an acute care hospital offering a full continuum of care and a newly completed $170 million renovation featuring a new 6-story patient tower. Baylor Irving MOB III is strategically located at the intersection of Airport Freeway and MacArthur Boulevard providing immediate access to east and westbound TX-183 (ADV 156,000), and connectivity to Dallas and Fort Worth.
The recently developed property is currently 68% occupied by five tenants including an investment grade-credit health system, regional physician groups, and private practices. Approximately 22% of the Property is leased to HealthTexas Resource Network, a member of Baylor Scott & White Health (Moody’s “Aa3”). Other tenants include Arlington Orthopedic Associates, Touchstone Medical Imaging, Dallas Nephrology Associates, and Pure Dermatology Associates.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
For more information, please contact:
Chris Bodnar
Vice Chairman and Managing Director
Investment Properties
+1 720 635 2653
Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412
Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740
Cole Reethof
Vice President
Investment Properties
+1 404 504 7864
Jesse Greshin
Vice President
Debt & Structured Finance
+1 860 808 4810
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