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3124 N Tarrant Pkwy, Fort Worth, TX, 76177

On Campus Value-Add Medical
$2,696,400

Key Information

$ per SF
$400
Tot. SF
6,741
Lot Size
0.82 Acres
Units
2
Year Built
2013
Term Remaining
± 2 Years
Type
Healthcare

Highlights

  • On-Campus Fee Simple Building – The facility sits right next to Medical City Alliance Surgical Hospital, a 47,000 SF facility with seven operating suites and one cardiac lab. It is also on-campus to Medical City Alliance Hospital, a 165-bed facility, providing a strong potential referral base and added strategic value for any future tenant operations.
  • Established Regional Market Leader – Medical City Healthcare is the North Texas division of HCA Healthcare. It is one of the largest and most comprehensive healthcare systems in the region, encompassing 22 hospitals, nearly 5,500 active physicians, and over 17,000 employees across the Dallas-Fort Worth metroplex.
  • Value-Add Leasing Opportunity – The availability of 4,594 SF presents a built-in lease-up opportunity, allowing a new owner to grow cash flow and improve yield upon stabilization.
  • Additional Value-Add/Below Market Rent – There’s a mutual termination option in place between the landlord and tenant, which creates a nice value-add opportunity. In the meantime, the owner can continue collecting rent while marketing the property and lining up a tenant for a longer-term lease and market rent, as the current tenant is only paying $12.50/SF. It also provides the flexibility to deliver the building fully vacant, which can open the door to a broader pool of buyers or users.
  • Turn-Key Medical Build-Out – With an existing orthopedic layout in place, the suite offers a functional medical floorplan that can accommodate a wide range of healthcare users while keeping TI expenditures and lease-up time to a minimum.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204