124
SOUTHLAKE, TEXAS — Marcus & Millichap has arranged the sale of Southlake Medical Center, an 11,992-square-foot medical office property located in Southlake. Ron Hebert and Wayne Bares of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a developer. The buyer, an out-of-state national medical fund investor, was also procured by Bares. Southlake Medical Center is located at 300 S. Nolen Drive, just south of Highway 114. Situated on less than two acres, the construction of the one-story asset began in 2013 and was completed in 2014. At the time of sale, the asset was 100 percent occupied by three tenants: an ambulatory surgical center, a pain management group and a colorectal surgeon.