Independence Medical Office Building
57,000 FULLY LEASED
Paragon Development & Consulting Services in partnership with Worldwide Commercial Closed on this fully leased Medical Office Building.
This property is an approximately 57,000+/- square foot medical office/office building sitting on 3.0 acres in the heart of Plano, TX, at the southwest intersection of Independence Parkway and Spring Creek Parkway. The building consists of a brick structure with lots of glazing and a large window atrium making this a great asset with lots of natural light.
Current rents here are under market rents by $6-$8 per foot. Our plan is to inject some capital into the property with light improvements to the lobby and landscaping and as leases turn, transition them from full service to triple net. The goal will be to manage occupancy while we are converting the leases, yet still, provide a slightly below market rent opportunity for the current tenants.