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421 E Royal Ln 7,036 SF Office/Medical Condo Unit in Irving, TX 75039
Investment Highlights
- Constructed in 2019.
- Surrounded by Class-A multifamily developments.
- Located in an affluent trade area.
- Situated on a hard corner.
- Adjacent to global corporate campuses.
- Convenient access to major regional highways.
Executive Summary
The property consists of a ±7,036-square-foot medical office condominium unit located at 421 E Royal Ln, Suite 100, Irving, Texas, within the Victory at Riverside development. Built in 2019, the unit is occupied by Blue Light Therapies under a single-tenant NNN lease with a stated term through March 2030 and contractual rent increases. The property is located at the intersection of E Royal Lane and Riverside Drive and is adjacent to the Citigroup and Fluor corporate campuses. Access is available to SH-114, I-635, I-35E, and the President George Bush Turnpike.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
A ±7,036 SF two-story medical-office condominium featuring a turnkey two-level finish-out. The space is designed for therapy services, containing a reception and lobby, sensory therapy gym, treatment and activity rooms, a break room, and an on-site playground.
Sale Notes
A stabilized, single-tenant medical-office investment in Las Colinas' Victory at Riverside — a 2019-built, two-story suite leased to Blue Light Therapies, wrapped by Class-A multifamily and minutes from the Citigroup and Fluor global campuses.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Suite 100 | 7,036 SF | Office/Medical | Upon Request | - |
Unit Suite 100
| Unit Size |
| 7,036 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| - |
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Unit Suite 100
| Unit Size | 7,036 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| A ±7,036 SF two-story medical-office condominium featuring a turnkey two-level finish-out. The space is designed for therapy services, containing a reception and lobby, sensory therapy gym, treatment and activity rooms, a break room, and an on-site playground.</li></ul> | |
| Sale Notes | |
| A stabilized, single-tenant medical-office investment in Las Colinas' Victory at Riverside — a 2019-built, two-story suite leased to Blue Light Therapies, wrapped by Class-A multifamily and minutes from the Citigroup and Fluor global campuses.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,000 SF | Typical Floor Size | 5,000 SF |
| Property Type | Office (Condo) | Year Built | 2019 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 1.00 AC |
| Floors | 2 | Parking Ratio | 7.14/1,000 SF |
| Zoning | Commercial | ||
| Total Building Size | 10,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,000 SF |
| Year Built | 2019 |
| Tenancy | Single |
| Lot Size | 1.00 AC |
| Parking Ratio | 7.14/1,000 SF |
| Zoning | Commercial |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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421 E Royal Ln
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