Campbell Medical Park - 1050 W Campbell Rd, Richardson, TX 75080

For Sale:
2863 sqft of class (A) office condo space in a beautiful park-like setting with a pond at the back of the property. This property has heavy traffic counts and great visibility with monument signage facing Campbell Rd. Signage can also be placed on all three sides of the building. The building already has the electrical setup for a sign at the back of the building facing N. Waterview Dr. This condo comes fully furnished with all of the furniture you see in the pictures, a DVR security system and has been wired for a gigabit network to all of the offices and conference rooms. The space is currently setup with five executive offices, four cubicles, one large conference room, one large file cabinet space and a kitchen.
About Campbell Medical Park:
These condominiums were original setup for medical space so the park is occupied by about 90% medical but its zoned (OM) for office/medical space so office space is allowed. There are currently 5 buildings in the medical park and each building has 2 to 3 suites. All of the buildings have a slate roof which can last up to 100 years. The HOA is responsible for anything on the outside of the building. (e.g. Roof, Foundation, Landscape, Trash, etc.) Please ask for the HOA By Laws for more specific information.
Investment Pro-forma:
Asking rents for medical space in the Richardson area are $25 to $40 a sqft. If this property were rented out at $25+NNN the cap rate would be 7.46%