SRS Real Estate Partners has recently facilitated the sale of a single-tenant medical retail property in South Dallas for a total of $6 million. The property, spanning 5,000 square feet, is leased to Total Point Urgent Care and was sold to a Florida-based private investor through a 1031 exchange.
The transaction was handled by Britt Raymond and Kyle Fant of SRS, who represented the seller, an investor from Kansas. The property, which offers a net lease to its tenant, was sold at a cap rate of 6.6 percent.
The sale of this medical retail property highlights the strong demand for well-located healthcare facilities in South Dallas. The transaction also demonstrates the continued interest from private investors who are seeking stable, income-generating assets to add to their investment portfolio.
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