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Medical Plaza at Onion Creek

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Page 1: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Medical Plaza at Onion Creek

Page 2: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Site Overview

Overview:We are pleased to announce the Medical Towers at Onion Creek, a premier multi-tenant medical office and retail

property. This executive summary is to provide an overview of the project and the property.

The property is a 3.09 acre tract of land located across I-35 from Onion Creek. The land will be developed into a 38,000

square foot multi-tenant specialty medical office building located in one of the fastest growing communities (Onion Creek) just

south of Austin with very strong demographics and need for premier medical space. The new site offers a link between

Buda/Kyle/San Marcos on Interstate 35, the busiest highway in Texas. The Onion Creek development offers easy ingress and

egress off of I35 to the Onion Creek subdivision as well as the ever growing southwest Austin.

Description:The property is a 3.09 acre tract of land. It will house a 38,000 square foot medical office building, with surface parking equal

to 5/1000 spaces.

Investment Highlight Summary: Property• Unique High Quality Asset- All new Class A 100% leased medical property

• Strategic Location- Located in a high growth, high median income, desirable suburban market West of Austin in

Bee Cave. This property is situated to provide access to the local master planned community as well as the city of

Bee Cave.

• Tenant & Landlord Capital Investments- Tenants have invested significant money making it cost prohibitive

for the tenants to leave and minimizes the risk of lease renewals.

• Predictable Cash Flow with Long Term Tenancy- All leases are long-term, NNN with complete pass thru on

expenses, with annual 3% rent increases.

• Anchor Tenant- Urgent Care/Family Practice

Page 3: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Site Location

Page 4: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

SITE

Site Location

Page 5: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Site Aerial

Page 6: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

• St. Davids South – 7 MI• Seton Medical Center Hays – 10 MI• Seton Southwest – 10 MI

Seton SW St. Davids South

Seton Hays

Proximity to Hospitals

St. Davids ER

Baylor Scott & White Medical Center

Page 7: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Site Plan

Page 8: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

3D View

Page 9: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

3D View

Page 10: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Isometric Views

Page 11: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Demographics

Page 12: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Demographics

Page 13: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Demographics

Page 14: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Tenant / Partner

LEASE RATE $25.00-$26.000NNN

NNN $10.00

PARKING Free and reserved for physicians. Free for patients and employees.

SIGNAGE Available to tenants

T.I. ALLOWANCE Up to $60.00 for 10 year lease

TERM OF LEASE 10 years with 3% annual escalation

Tenant Offering

Page 15: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Example Tenant Roster

• Lewis Family Practice and Urgent Care• Solutions Pharmacy• St. Davids Cardiology/ADC• Moody Orthodontics• Heart of Texas Eye Institute• Capitol Gastroenterology• Sanova Dermatology• Texas Physical Therapy Specialists

Page 16: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Equity Creation

The leases escalate 3% annually increasing the base rent paid by tenants

• The Net Operating Income (NOI) increases annually

• Equity is created through “Forced Appreciation” by scheduled increases in NOI

• The Debt decreases each year (Yrs 3-10) through loan amortization

• Valuation Formula

(NOI) = VALUE

CAP RATE

The property over time has a natural equity growth that can then be harvested by using a re-finance event to unlock and “monetize”

equity while still maintaining a responsible debt to equity ratio.

0.

3.75

7.5

11.25

15.

1 2 3 4 5 6 7 8 9 10

Income Debt

Page 17: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Equity Creation

PRACTICE PAYS LEASE

BANK DEBT PAID

REMAINING BALANCE

DISTRIBUTED

MODEL

Tenants/Investors

80%

Developer

20%

Page 18: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

ABOUT US

Page 19: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Company Profile

Perardi Development is a national boutique real estate investment firm focused primarily

on developing, acquiring, and managing medical office properties in emerging markets.

Principal focus on

multi-specialty

income producing

medical office

building acquired

through new

construction or

acquisition.

Founded by

professional

management team

with extensive

experience in

healthcare, medical

development and

physician

partnerships.

Innovative ownership

structures, tailored to

physician needs, while

creating investments

that are redeveloping

communities.

Successful record in

acquisition,

financing &

management of

medical properties.

19

Headquartered in

Austin, Texas. 10+

years experience in

and around the

Austin area.

Page 20: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Our Team

As Founder of Perardi Development, Co-Founder of Hat Trick Development and ties to

commercial real estate in Austin for over 10 years; Eric has extensive experience with

development, leasing, marketing, financial modeling, and equity syndication. His

contributions include 10 medical office projects totaling over 300,000 sq ft across

Central Texas and the raising of over $35M of equity for

$150M in projects. Eric also was a Founding Managing Partner of Arise Capital Investments

(ACI), a large medical office developer involved in developing over 150,000 sq ft of space in

and around Austin, Texas. ACI worked with its sister company Arise Healthcare to develop

large multi-tenant medical buildings, supporting the growth of their physician-owned

hospital network: Arise Austin Medical Center. As the former VP of Development for another

medical office developer in Central Texas and a JV Developer and Director of Real Estate

Development for an east coast based Medical Office Developer, Eric was instrumental in

sourcing new projects and the company’s expansion into Texas. Prior to real estate

development, Eric spent 10 years as co-owner of several production companies in Los

Angeles, as well as writing and acting in numerous films and television projects. Eric

attended RPI (Rensselear Polytechnic Institute) in Troy, NY on a Division 1 ice-hockey

scholarship where he received his BS in Industrial Management Engineering.

Eric Perardi, Owner

As a member of Perardi Development and Hat Trick Development, Parker has been involved in

commercial real estate in Austin for the past 5 years and has experience with commercial

property management, development, leasing, and marketing. He has been involved with 5

medical office projects totaling over 100,000 sq ft across central Austin and is responsible for

managing over 100,000

square feet of medical office space. Prior to real estate development, Parker spent 3 years as a

major account representative for an American global corporation that sells document solutions

and services in central Austin. Parker attended the University of Missouri in Columbia, MO

where he received a BS Degree in Marketing.

Parker Dunn, Development Coordinator

Page 21: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

About Us

✓Multi-tenant, Class-A medical and professional offices

✓New construction including shells, or existing properties

✓Sizes from 3,000 up to 50,000 sqft/

✓Key Size: 3,500/ 12,000/ 24,000/ 36,000 sqft

✓Medical offices – physicians, group practices, clin- ics, and dental specialties

✓Outpatient treatment & diagnostic centers

✓Urgent Care stand alone buildings

✓Ambulatory surgery centers and cath labs

Asset Types

✓Tenant Ownership with minimal equity investment

✓Tax and Wealth consulting

✓Cost containment through net effective rentalapproach

✓Reduced per square foot cost based on gross size of the building

✓Reduced financial liability on balance sheet

✓ 100% financing of TI and Equipment through preferred bank relationships

✓Complete turn-key approach allowing focus, time,and money to be spent on the practice, whilereceiving an additional real estate investment return

✓Offset of expense for shared equipment or services by co-tenants

✓Availability to use cash savings to spend on practice or other investments to achieve profitability

✓Freedom from operational issues

✓Increased revenue through location of natural referral business within the building.

✓Long term care and partnership

Markets Advantages

✓Texas- Concentrating in Urban and ruralmarkets

✓Growth communities with medical real estate needs

✓Proximity to hospitals, rooftops and retailcorridors

Page 22: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

Services

Development

Multi-tenant, Class-A medical

and professional offices.

New construction

including shells, or

existing properties. 3,000

- 50,000 sqft medical

offices, out- patient

treatment & diagnostic

centers, stand alone

urgent cares and

ambulatory surgery

centers.

Property Management

Experienced team managing

day to day

operations. From on

going construction of

new spaces to general

maintenance and

repairs in existing

physician offices. Our

team oversees all our

assets developed

over the past decade

in Central Texas.

Investment Services

Proven & successful investment

platform resulting in the highly

successful acquisitions and operation of

medical office partnerships across a

wide geographic range. Currently 100+

physician partners in

the Central Texas market own or

previously held shares in various real

estate entities.

Page 23: Medical Plaza at Onion Creek - LoopNet · development, leasing, marketing, financial modeling, and equity syndication. His contributions include 10 medical office projects totaling

THANK YOU

(512) 799-7016perardidev.com 1116 Terjo Ln, Austin, TX 78732