Brown Gibbons Lang & Company | Real Estate Partners is pleased to present to qualified investors the exceptional opportunity to acquire 1601 Lancaster Medical Building (the “Property” or “Building”). The Property, totaling approximately 22,745 square feet, is located in Grapevine, TX, which is a part of the Dallas-Fort Worth-Arlington MSA. The Property provides exceptional patient access and convenience as the Property is located adjacent to Baylor Scott & White Medical Center – Grapevine (“Hospital”) and is easily acceptable from State Highways 114 and 121, and is within 8 miles of the Dallas-Fort Worth International Airport, the 3rd busiest airport in the world.
Baylor Scott & White Medical Center – Grapevine (Moody’s rated ‘Aa3’) is a not-for-profit hospital serving residents in more than 20 cities throughout the Dallas/Fort Worth region. The 314-bed hospital offers advanced medical services for cardiovascular services, women’s services, diagnostic imaging, neonatal intensive care, sleep disorders, intensive and emergency care, and a 29-bed unit that operates 24 hours per day, seven days per week. With approximately 800 physicians and medical staff, as well as 1,200 full-time employees, the Hospital had over 13,000 admissions, 2,863 births, 41,327 emergency department visits, and 48,322 outpatient visits (based on latest statistics provided by Baylor Scott & White Health).
Opportunity Highlights
- 100% leased multi-tenant medical office building with multiple established specialties.
- Year-1 NOI of approximately $424,308 from rental income, which does not include parking related income.
- The Property is located adjacent to the 317-Bed Baylor Scott & White Medical Center – Grapevine (Moody’s rated ‘Aa3’).
- Convenient patient access from State Highways 114 and 121, which are the primary highway corridors connecting Dallas and Fort Worth.
Reminder – Call for Offers Date: Wednesday, May 11th 2016
Submit questions and offers to: Clinton Parker | cparker@bglco.com
View the Executive Summary for more information.
Bypass the online summary and directly execute the Confidentiality Agreement
Christopher L. Stai, CPA
Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 949.936.2665 | cstai@bglco.com
Clinton J. Parker
Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 210.352.5832 | cparker@bglco.com
Texas Real Estate Broker LIC # 528946
Marc M. Flynn
Associate
Brown Gibbons Lang | Real Estate Partners
Direct: 210.352.5832 | mflynn@bglco.com
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