Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Medical Offices of Mansfield, a 13,694-square foot office property located in Mansfield, Texas, according to Mark McCoy, Sales Manager of the firm’s Fort Worth office.
Cody Payne, Vice President Investments and Wayne Bares, Senior Associate in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Mr. Payne.
Medical Offices of Mansfield is located at 221 Regency Pkwy in the thriving city of Mansfield, Texas. This prime medical office building was recently constructed in 2015 of high-quality finish-out and is in excellent physical condition. The building measures approximately 13,694square feet and offers ample parking.
Mansfield is one of the fastest growing cities in the region located along the southern edge of the Dallas/Fort Worth Metroplex. Mansfield is a dynamic community that has experience explosive growth, offers a unique atmosphere and easy accessibility to the urban centers in both Dallas and Fort Worth and to DFW Airport. The subject property is strategically located with immediate access to two main thoroughfares: Highway 287 and 360 Toll Road, allowing convenient transportation. Situated in a high-income area, the immediate vicinity has experienced a booming population growth rate of 57 percent since 2000.
About Marcus & Millichap (NYSE: MMI)
With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
