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