MRI Medical Office case study

Case study

Property Overview

7504 San Jacinto Place is a 4,420 SF single-tenant medical office building in Plano, Texas, built in 2004. The property sold for $2,700,000, or $611 per SF.

Challenge

Our team was engaged to represent a buyer completing a 1031 exchange who needed to identify and close on a suitable replacement property. The assignment required sourcing a single-tenant medical office asset that met the buyer's exchange requirements while navigating the time constraints inherent to a 1031 transaction.

Action

We focused the search on single-tenant net-leased medical office properties that aligned with the buyer's investment profile and exchange criteria. After identifying 7504 San Jacinto Place as a strong fit, we guided the buyer through due diligence and negotiations to bring the transaction to a successful close.

Result

Represented the buyer in a 1031 exchange acquisition of a single-tenant medical office property in Plano, Texas
Closed at $2,700,000 ($611 per SF)
Secured a single-tenant medical asset that satisfied the buyer's exchange requirements

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