DENTON, TX – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 13,100-square-foot medical office property located at 2805 South Mayhill Road in Denton, Texas for $5.3 Million.
Toby Scrivner, Jeff Matulis, and Karen Vinsko, the healthcare focused investment team of Stan Johnson Company, represented the buyer, an Institutional REIT based in New York.
The property (top left photo) featured a new, 15-year, triple net lease with market rental increases. The newly-constructed property is situated just off Interstate 35, adjacent to the Denton Regional Hospital, and on the campus of North Texas Hospital. Other nearby tenants include: Texas Oncology, Care Now Urgent Care, and several medical office buildings.
Contact:
David Ebeling
Ebeling Communications
(949) 278-7851
david@ebelingcomm.com
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