SRP Medical Investments Acquires 20,550 SF Retail Bldg. in San Marcos

Mar 25, 2014

SRP Medical Investments, a Dallas-based real estate investment and development company that specializes in healthcare properties, acquired the 20,550-square-foot retail building at 1106 N. Interstate 35 in San Marcos, TX from Wells Fargo Bank as an REO sale

The single-story freestanding retail building was built in 2005 and is situated on 1.832 acres in the Corridor Plaza, adjoining the San Mar Plaza. It was previously used as a gym, occupied by World Gym Fitness Center. At the time of sale, it had sat vacant for at least 2-3 years. SRP Medical will convert the former fitness center into a specialized hospital building

Marshall Davidson and Travis Wright of KMD Studley represented the buyer, SRP Medical Investments, while Mark Galanos of Brexen Real Estate represented the seller, Wells Fargo Bank

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