Description

Richardson — Dallas–Fort Worth Metroplex — Savills is pleased to present the opportunity to acquire a well-maintained 5,040-square-foot medical office property situated on approximately 0.94 acres in Richardson, Texas. Constructed in 2009, the property offers excellent exposure along Spring Valley Road and Highway 75, positioned just off a prominent signalized intersection with traffic counts exceeding 48,000 vehicles daily. Designed to accommodate either single-tenant or multi-tenant occupancy, the asset also presents an ideal owner-user opportunity. The property features ample dedicated parking with a ratio of 8.73 spaces per 1,000 square feet, including exclusive ownership of the entire rear parking lot. Located within a thriving and affluent submarket, the site benefits from a population of more than 410,000 residents within a five-mile radius, strong ongoing demographic growth, and average household incomes exceeding $95,000. With immediate occupancy potential, excellent highway accessibility, and significant upside through future leasing at estimated rental rates of $33–$40 per square foot, the property offers both stability and long-term investment appeal.