FLOWER MOUND, TX—Location and demographics are key factors in a recent disposition of a medical office building. Ridgeline recently sold Prairie View Medical Plaza, a 43,119-square-foot retail-style medical office building located at 4001 Long Prairie Rd., to Caddis.
“When we purchased this property, we believed that the property's location and surrounding demographics would only continue to improve,” said Jeff Axley, Ridgeline managing principal. “The recently opened adjacent mixed-use development The River Walk at Central Park further strengthens the property's location.”
Built in 2013, Prairie View Medical Plaza is a half-mile from Texas Health Presbyterian Hospital Flower Mound and surrounded by dozens of other medical practices. The property is currently 100% occupied with a high-quality mix of 11 leading medical tenants providing uses including family practice, obstetrics/gynecology, dermatology, pediatrics, lab/diagnostics, dental, varicose vein and pharmacy.
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