6420 altamesa blvd sales flyer - loopnet · 2018. 3. 19. · 251 e southlake blvd5751 kroger drive...

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5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit our website at www.castledevgroup.com 1 251 E Southlake Blvd ∙ Suite 100 Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466 Visit our website at www.castledevgroup.com 1 6420 Altamesa Blvd Sales Flyer

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Page 1: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 1

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 1

6420 Altamesa Blvd Sales Flyer

Page 2: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 2

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 2

Development Summary

6420 Altamesa Blvd 6,549 SF Medical Office Development

6420 Altamesa Blvd

Fort Worth, TX 76132

OFFERING SUMMARY

DEVELOPMENT HIGHLIGHTS

• 6,549 SF Multi-Tenant Medical Building for Sale – 100%

Leased

• .7104 acres of land(30,945 SF)

• triple net leases with rent bumps

• Medical Tenant Stability: Baylor Scott & White Primary

Care and Fort Worth Perinatal Associates

• Part of a 27,000 SF medical office development including

internal medicine, OB/GYN, spine, weight loss clinic and

more

• Across the street from 468 acre mixed use Tavolo Park

with retail including Kroger Grocer, 387 unit multi-family

development, 1000 single family homes and more

• Medical synergy located within the Southwest Hospital

District(Baylor, THR, USMD Hospital at Fort Worth)

• Great Visibility – Frontage on busy Altamesa Blvd(Dirks

Road) and Bryant Irvin Blvd which is busy North/South

thoroughfare in South Fort Worth market and has over

20,000+CPD

• Great Accessibility with access off Bryant Irvin Rd and

Dirks Road, close to Highway 820 and the new Chisholm

Trail Parkway (a 27.6-mile toll road that extends from

downtown Fort Worth south to Cleburne).

• Across the street from a new Assisted Living Dementia

Care facility

• Strong demographics

Price $2,122,443

Down Payment(example) (20%) 424,489

Gross Leasable Area (GLA) 6,549 SF

Price per Square Foot (GLA) $324

Year Built 2014

Lot Size(Approx.) .7104 Acres

Cap Rate 7.00%

MEDICAL OFFERING – 100% LEASED

Page 3: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 3

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 3

OPERATING DATA

Development Summary

The subject property is a multi-tenant medical office building located in

Fort Worth, Texas. The property encompasses 6,549 rentable square feet

on approximately .7104 acres of land. The property is at 100% occupancy

with Baylor Scott & White Primary Care and Fort Worth Perinatal

Associates on a triple net lease format.

Fossil Rock Medical Plaza is located in the heart of Southwest Hospital

District. It has great visibility and accessibility off Bryant Irvin Rd with

over 20,000 CPD and Atlamesa Blvd.

This property provides a great opportunity for an investor to acquire a

multi tenant triple-net leased medical property in the Fort Worth market.

INCOME Current

Base Rent

Occupied Space $149,289

Gross Potential Rent $149,289

Expense Reimbursements $64,379

Gross Potential Income $213,668

Effective Gross Income $213,668

Total Expenses $65,097

Net Operating Income $148,571

EXPENSES

Real Estate Taxes $42,620

Insurance $2,453

CAM Expenses $20,024

Total Expenses $65,097

Expenses per SF $9.94

• Baylor Scott & White Primary Care – 5,000 SF

• Fort Worth Perinatal Associates – 1,549 SF

TENANT MIX – Approx. SF

Page 4: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 4

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 4

Aerial

Approx.

Subject Property

Page 5: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 5

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 5

Aerial

Approx.

Subject Property

Page 6: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 6

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 6

Google Earth Perspective

Page 7: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 7

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 7

Area Future Growth

Subject Property

Page 8: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 8

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 8

6420 Altamesa Blvd

Tavolo Park

Development

Area Map

Page 9: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 9

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 9

Property Photos

Page 10: 6420 Altamesa Blvd Sales Flyer - LoopNet · 2018. 3. 19. · 251 E Southlake Blvd5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389 Visit

5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 214-699-4547 ∙ Fax 214-699-4389

Visit our website at www.castledevgroup.com 10

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 10

Tenant Summary

Baylor Scott & White Primary Care – Southwest Fort Worth providers treat

children and adults and are pleased to provide our community with

comprehensive, quality medical care in a comforting environment.

BSW Primary Care – Southwest Fort Worth assists patients with managing

chronic medical concerns such as diabetes, hypertension, depression, and

cholesterol. In addition, their physicians on staff believe in the importance

of preventive care as a means to maintaining good health and quality of life.

There are currently three providers at this office.

As the largest not-for-profit healthcare system in Texas and one of the

largest in the United States, Baylor Scott & White Health was born from the

2013 combination of Baylor Health Care System and Scott & White

Healthcare. Today, Baylor Scott & White includes 48 hospitals, more than

1,000 patient care sites, more than 5,500 active physicians, over 44,000

employees and the Scott & White Health Plan.

Fort Worth Perinatal Associates was founded in 2003 by Dr. Rebecca Reyes and Dr. Tracy Papa. Maternal-Fetal Medicine physicians specialize in the care of high-risk pregnancies. They focus on:

• Maternal health conditions, like hypertension or diabetes

• Maternal age over 35

• Abnormal blood testing showing an increased risk of a fetal

abnormality

• Family history of a medical condition or genetic disease

• Suspected fetal abnormality

• Concerns about fetal growth or well-being

• Screening for fetal abnormalities and genetic disorders

• Twins, triplets, etc.

• Preconception counseling

• Previous pregnancy with complications

Their services include consultation, detailed ultrasound, amniocentesis, noninvasive prenatal testing, genetic counseling, diabetic education, and fetal monitoring. Our goal is to provide you and your baby with comprehensive, compassionate care. They have three locations in the North Fort Worth area.