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OFFERING SUMMARY
48,803 SF | 100% LEASED | NATIONAL HEADQUARTERS | 9 YEARS REMAINING TERM
1500 INTERSTATE 35W
HFF has been exclusively retained by the Owner to offer qualified investors the
opportunity to purchase 1500 I-35W, a 100% occupied, 48,803 square foot light industrial
facility located in the heart of the North Dallas suburb of Denton. AIT Laboratories, a
HealthtrackRx company is a leading clinical prescription drug monitoring and testing
laboratory. The tenant has occupied the building since August 2016 and has over 9
years of remaining term. In 2016, AIT Laboratories, a HealthtrackRx company spent $3.4
million ($69.67 PSF) renovating their headquarters. The Property is positioned within
the Denton industrial market at the convergence of I-35E & I-35W, a preferred location
for corporate users which benefit from major distribution and manufacturing facilities
including Peterbilt, Target, Aldi, HD Supply, Winco and Fastenal among others.
PROPERTY OVERV IEWINVESTME NT OVERV IEW
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BUILDING ADDRESS 1500 I-35W
Denton, TX 76207
RENTABLE AREA 48,803 SF
OFFICE / LABORATORY 35,000 SF (72%)
WAREHOUSE 13,803 SF (28%)
% LEASED 100%
YEAR BUILT 1972 (2016 RENOVATION)
CLEAR HEIGHT 14' - 18'
SITE AREA 7.13 ACRES
LOADING DOORS 1 DOCK-HIGH DOOR
4 DRIVE-IN DOORS
ROOF AGE 2016 (WARRANTY UNTIL 2036)
AIT LABORATORIES, A HEALTHTRACKRX COMPANY — AIT Laboratories, a HealthTrackRx Company is a leading prescription drug monitoring laboratory offering compliant and medically necessary testing services specialized on a case by case basis. The company’s qualitative and quantitative testing provides physicians with results that strengthen monitoring processes and create more effective treatment plans. In July 2016, The American Institute of Technology (AIT) merged with HealthTrackRx to pair HealthTrackRx’s first-rate technology platform with recognized leadership in toxicology in an effort to create a new standard in medication monitoring and drug testing. The Property serves as the company’s national headquarters.
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15,000 STUDENTS
255 BEDS90,824 VPD
45,378 VPD
DOWNTOWN DENTON
38,000 STUDENTS
1500 INTERSTATE 35W
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LOCATION MAP 1500 INTERSTATE 35W
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Distribution Center
Morrison MillingDistribution Center
1500 INTERSTATE 35W
Accessible to over 1 million people within a 30 minute drive
Strategically situated at the heart of Denton’s traffic and growth patterns
From 2000 to 2010, Denton’s population ballooned 41%
Denton’s population is anticipated to double by 2030
#3 fastest growing large county in America
UNT is the 5th-largest university in Texas, (33rd largest in U.S.)
TWU has a student population of over 15,000
Denton’s diversified economy is home to major employers including Peterbilt Motors, Sally Beauty Supply International, United Copper, Acme Brick, Jostens, and Farmer Brothers
Major distribution facilities for Target, Wal-Mart, Safety-Kleen, and Miller Brewing are located in Denton
I-35 is the thoroughfare for NAFTA-related traffic
INDUSTRIAL MARKET
858,000 SF 18,000 SFunder
constructionof absorption
YTD
OCCUPANCY RENT GROWTHSINCE 2013
96.1% 12.5%
A REA DR IVE RS
A REA DR IVE RS
1500 INTERSTATE 35W
PROPERTY H IG HL IGHTS
PROSPER
BELT LINE ROAD
BEL
T LI
NE
RO
AD
SOUTHLAKE
TROPHY CLUB
ROANOKE
Texas MotorSpeedway
DentonMunicipal
Airport
ARGYLE HICKORYCREEK
HIGHLANDVILLAGE
THE COLONY
CROSSROADS
AUBREY
KRUGERVILLE
KRUM
SANGER
CELINA
ROLAND
WESTON
MELISSA
ANNA
PRINCETON
MUSTANG
LITTLEELM
OAKPOINT
35E
377
289
288
35E
35E
35E
35W
35W
35W
30
30
30
35
45
45
2020
20
20
635 635
635
635
820
820
MESQUITE
BALCHSPRINGS
ALLEN
HURST
SAGINAW
HASLET
WESTLAKE
KELLER
COLLEYVILLE
BELTJUNCTION
FOREST HILL
BEDFORD
DENTON
1500 INTERSTATE 35W
1500 I-35W represents a unique opportunity to acquire a mission-critical
laboratory and warehouse center within one of the United States’ most vital
industrial markets, Dallas/Fort Worth. The Property is 100% leased to AIT
Laboratories, a HealthtrackRx Company, who announced 1500 I-35 W as its
national headquarters and invested $3.4 million into their space. The current
lease term extends through November 2026 on a net basis. 1500 I-35W
provides investors the opportunity to acquire a strategic asset with stable
cash flow at a discount to replacement cost.
PROPERTY H IGHL IGHTS
1500 INTERSTATE 35W
to AIT, a HealthTrackRx Company
Stable income with over
in 2016 renovations with incredible tenant commitment to property
Access to major
100% Leased
Nine Years of Remaining Term
$3.4 Million
Highway Infrastructure
N A T I O N A L H E A D E R Q U A R T E R SMISSION-CRITICAL
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ACCESSIBILITY
BUSINESS ENVIRONMENT
WHY DALLAS/FORT WORTH? Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field
81 .2M PASSENGERS PER YEAR
#1STATE FOR DOING BUSINESS
13 YEARS IN A ROW - CEO Magazine 2017
in Economic Climate
Companies ranked in the INC. 5000 fastest-growing private companies that call Dallas/Fort Worth home.
UNEMPLOYMENT RATE
3.9% 185
0%STATE & LOCAL
INCOME TAX RATE
Number of residents added to the region between 2010 and 2014
W O R K E R S
Projected population of the region by 2021
4th LARGEST WORKFORCE IN AMERICA
3.7 MILLION
From 2017 to 2021, DFW is projected to add 516,986 residents
and 139,649 new jobs, both are the highest forecast total in the
entire U.S., according to Oxford Economics.
Unemployment rate of 3.9%, adding over 96,700 jobs in
the last 12 months
ULI’s Emerging Trends “#2 Top Market to Watch” in 2017
One of the largest concentrations of corporate headquarters
in the country and has recently attracted a notable list of
expansions and relocations spanning several diverse industries
Forbes recently ranked Texas #1 in Economic Climate out of all
50 states
225+NON-STOP
DESTINATIONS
serviced approximately 65,670,697 passengers in 2016.
serviced 15,562,738 passengers in 2016 and is home to Southwest Airlines
#1528,000
7,873,019
HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
2323 Victory Avenue, Suite 1200
Dallas, TX 75219
Telephone: 214-265-0880
Facsimile: 214-265-9564
hfflp.comIf you have any questions or require additional information, please contact the individuals below.
ADAM HERRIN Managing Director | [email protected] | 469.232.1922
STEPHEN BAILEY Director | [email protected] | 469.232.1992
MATTHEW WHEELER Analyst | [email protected] | 469.232.1973
ADDIT IONAL INFORM AT ION
HFF DEBT CONTACTSJEREMY SAIN Managing Director | [email protected] | 469.232.1904
MICHAEL GEORGE Director | [email protected] | 469.232.1906
F INANCIAL OVE RV IEWRENTABLE AREA: 48,803 SF
PERCENT LEASED: 100%
YEAR 1 NOI: $411,000
M ARKET LE AS ING EXPERT ALEX PAYNE Leasing Contact | [email protected] | 940.891.2947
1500 INTERSTATE 35W