Frisco Medical and Retail Park

A 75,000+ square foot Class-A Medical Office and Retail Park to be developed across 6.676 acres at 15390 Preston Road, Frisco, Texas, structured as a condominium ownership model targeting physicians, specialists, and outpatient care groups. The development will feature flexible, customizable suite configurations with premium finishes, full ADA compliance, advanced medical infrastructure integration, and patient-friendly interior layouts. Integrated ground-floor retail will serve patient and visitor convenience. Ample structured and surface parking, modern architectural design, and professional landscaping will complete the site, positioning the development as a benchmark Class-A medical destination in one of the fastest-growing healthcare demand corridors in North Texas.  

Financial Breakdown:

The property’s total equity is $6.77M, which is basically the entirety of the land’s market price ($23/sqft). The total construction cost is projected to be $22.50M, at $300/sqft, entirely debt-financed at 8.00%, which will be converted to a 30-year mortgage. The payments will follow a capital repayment structure. Of the equity, regardless of the financial contribution between the general and limited partners, there will be a 20-80 ratio for distributing any excess cash flows. The 7th year is expected to be the exit year for any of our endeared short or medium-term individual and commercial clients. Based on the projected numbers, on the liquidation of the asset, the LP investors will receive a one-time $16.68M, however, with some yearly loss burdens. We expect their investment to end at $23.45M, thus giving them a multiple of 3.46X. During these periods, the GPs will earn a net of $4.17M. The unlevered IRR of this project is 11.05% and the levered IRR is 17.24%.