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EDINBURG, Texas (August 15, 2022) – Coldwell Banker Commercial is pleased to have represented both the buyer and the seller in the off-market disposition of a 61,000 square foot medical office building located at Cornerstone Medical Park. The property is located at 2800 W. Trenton Rd. in Edinburg, Texas. The sales price was kept confidential.
Daniel Galvan, CCIM, SIOR, principal broker of Coldwell Banker Commercial Rio Grande Valley, and Michael Pacheco, also with Coldwell Banker Commercial Rio Grande Valley, represented both the buyer and the seller in the transaction. Coldwell Banker Commercial handled the leasing on the property prior to the sale. The building was 99% leased at the time of the sale and is a great example of the opportunities available in the market.
The three-story, multi-tenant building, built in 2003, is situated on 3.08 acres of land.
“We are excited to have been able to satisfy two clients’ needs with one transaction. The property represented an excellent investment opportunity within the Rio Grande Valley. The buyer was engaged in a 1031 exchange and the seller’s had previously entertained an off-market offer,” said Galvan.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Rio Grande Valley, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com
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