Press Releases
Marcus & Millichap Facilitates Sale of Fully Leased Medical Office Property in Allen, Texas
October 12, 2026
ALLEN, Texas, Oct. 12, 2026 — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 919 Medical Drive, a 19,685-square-foot medical office property.
“We closed the transaction 47 days after signing the listing and fielded multiple offers during a short marketing process,” said Joseph Jaques, senior director investments. “We continue to see rent growth and investor demand for well-located medical office properties.”
Jaques and Ron Hebert, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer, both private Texas investors. The transaction closed all cash.
Located at 919 Medical Drive, the 19,685-square-foot property was built in 2010 and sits on 2 acres. The property is fully leased to Action Behavior Centers under a 10-year triple-net lease with approximately seven years remaining. The buyer plans to continue operating the property with the existing tenant in place.
“We closed the transaction 47 days after signing the listing and fielded multiple offers during a short marketing process,” said Joseph Jaques, senior director investments. “We continue to see rent growth and investor demand for well-located medical office properties.”
Jaques and Ron Hebert, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer, both private Texas investors. The transaction closed all cash.
Located at 919 Medical Drive, the 19,685-square-foot property was built in 2010 and sits on 2 acres. The property is fully leased to Action Behavior Centers under a 10-year triple-net lease with approximately seven years remaining. The buyer plans to continue operating the property with the existing tenant in place.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
