INVESTMENT PROPERTY OFFERING
$460,000 NRH MEDICAL CONDO 4351 Booth Calloway Rd, Ste 203, N. Richland Hills, TX 76180
Presented By:
James Blake, CCIM
3108 W. 5th Street Fort Worth, TX 76107 (817)870-9886 james.blake@svn.com
Offering Highlights
Build Equity with Payments Lower than Rent Centrally Located by North Hills Hospital, NRH Includes X-Ray and equipment!
Trevor Dyck
5601 Bridge Street, Suite 504 Fort Worth, TX 76112 (817)288-5525 trevor.dyck@svn.com
03/20/2008
Statement of Confidentiality and Disclosure
The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the subject property* and is not to be used for any other purposes. This information should not, under any circumstances, be photocopied or disclosed to any third party without written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is Sperry Van Ness, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Sperry Van Ness. Neither Sperry Van Ness nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, Sperry Van Ness and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase and Sale Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or Sperry Van Ness, nor any of their officers, employees, representatives, independent contractors, or affiliates, for the accuracy or completeness thereof. Recipients of the Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release Owner and Sperry Van Ness from any liability with respect hereto.
*Subject Property is North Hills Professinal Bldg, 4351 Booth Calloway Rd, Suite 203, N Richland Hills, TX
NRH MEDICAL CONDO
List Price Price Per Sq.Ft. NOI CAP Building Sq.Ft. Rentable Sq.Ft. Land Acres Load Factor Occupancy 17% 4,200 4,200 $460,000.00 $109.52
PROPERTY DESCRIPTION
4351 Booth Calloway Rd, Ste 203, N. Richland Hills, TX 76180
Major Tenants
Current Tenant: Dr Newton DO and Dr Marcus Omey MD . Will be vacating.
HIGHLIGHTS
Build Equity with Payments Lower than Rent Centrally Located by North Hills Hospital, NRH Includes X-Ray and equipment!
Construction
Existing structure is a 4 story steel frame, mansard roof, with brick veneer.
Parking
Site includes adequate medical parking (1:200sq) plus 4 reserved spaces for this office.
Area
Cross Street Tax Parcel No. Market Sub Market Year Built Building Class Location Class Zoning Type Mixed-Use No. of Buildings No. of Stories No. of Tenants No. of Parking Spaces HVAC Elevators
North Hill's Medical Building is centrally located in Richland Hills with access to major freeways, shopping and major medical facilities.
Northest Tarrant County North Richland Hills 1985 B B Office 1 4
Property
MEDICAL CONDO FOR SALE. This is medical condo for a user. Approximately 4200 SF of existing medical office. Includes 8 exam rooms, 4 offices, x-ray, kitchen, nurses station and bathrooms. Includes X-ray machine. 2007 EXPENSES: Property Tax $10,506; N. Hills Med. CAM Charges $16,061.
Central
Exclusively Listed By:
James Blake, CCIM
(817)870-9886 james.blake@svn.com
03/20/2008
Trevor Dyck
(817)288-5525 trevor.dyck@svn.com
www.s vn .co m
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.s vn .co m
Location Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.s vn .co m
D/FW Overview Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.s vn .co m
Hospital District
1) Texas Pediatric Surgery Center 2) North Hills Hospital Senior Health Center 3) North Hills Hospital
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
www.s vn .co m
Aerial View
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
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Office Condo
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Office Site Plan
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Atrium and Break Area
Atrium Area
Break Room Area
Alternate View of Break Room
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Exam Rooms
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Lobby Areas
Elevator
Lobby
Receiption Area
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Parking and Main Entrance
Parking Area
Covered Drive for Drop Off
Exterior
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Interior Views
Hall
Hall
X-Ray Area
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Demographics Report
4351 Booth Calloway Rd., Suite 203 North Richland Hills, TX 76180 1.00 Mile Ring POPULATION 1990 Population 2000 Population % Population Change 1990-2000 2007 Total Population 2012 Total Population % Population Change 2000-2007 % Population Change 2007-2012 2007 Total Households 2012 Total Households % Households Change 2000-2007 % Households Change 2007-2012 2007 White Population 2007 Black Population 2007 American Indian/Alaska Native 2007 Asian/Hawaiian/Pacific Islander 2007 Other Population (Incl 2+ Races) 2007 Hispanic Population 2007 Non-Hispanic Population 2007 Per Capita Income 2007 Median Household Income 2007 Average Household Income 2007 Household Income < $10,000 2007 Household Income $10,000-$14,999 2007 Household Income $15,000-$19,999 2007 Household Income $20,000-$24,999 2007 Household Income $25,000-$29,999 2007 Household Income $30,000-$34,999 2007 Household Income $35,000-$39,999 2007 Household Income $40,000-$44,999 2007 Household Income $45,000-$49,999 2007 Household Income $50,000-$59,999 2007 Household Income $60,000-$74,999 2007 Household Income $75,000-$99,999 2007 Household Income $100,000-$124,999 2007 Household Income $125,000-$149,999 9,142 8,928 -2.34 % 9,483 10,017 6.22 % 5.63 % 3,953 4,216 9.56 % 6.65 % 7,348 470 50 246 1,369 2,247 7,236 $24,802 $43,734 $59,498 186 283 251 260 214 264 262 342 276 520 387 416 143 53 3.00 Mile Ring 77,484 84,123 8.57 % 91,511 96,849 8.78 % 5.83 % 37,179 39,534 11.91 % 6.33 % 73,824 4,397 368 3,563 9,359 16,660 74,851 $26,018 $48,005 $64,040 1,281 1,826 1,804 2,499 1,911 2,437 2,439 2,594 2,992 5,329 5,283 3,966 1,471 710 5.00 Mile Ring 196,900 232,149 17.90 % 259,406 276,632 11.74 % 6.64 % 103,852 111,235 15.21 % 7.11 % 198,592 22,934 963 12,317 24,600 44,185 215,221 $27,355 $50,650 $68,329 3,700 4,208 4,980 6,111 5,403 6,560 6,166 6,633 7,271 13,725 15,017 14,024 5,108 2,597
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2007 Household Income $150,000-$199,999 2007 Household Income $200,000-$249,999 2007 Household Income $250,000-$499,999 2007 Household Income $500,000+ 2007 Average Household Size 2007 Total Owner Occupied Housing Units 2007 Total Renter Occupied Housing Units 2007 Total Daytime Population 2007 Total Daytime Work Population 2007 Total Establishments HOUSEHOLDS 1990 Households 2000 Households % Households Change 1990-2000
67 4 23 0 2.35 2,028 1,922 15,282 10,069 1,030
375 45 215 2 2.45 22,847 14,334 106,407 63,145 7,052
1,381 196 753 18 2.48 65,007 38,833 277,925 157,502 16,737
3,630 3,608 -0.61 %
29,788 33,221 11.52 %
75,471 90,145 19.44 %
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
James Blake, CCIM
Sp e r r y Van N e s s Ad v is o r s
Advisors
James Blake, CCIM serves as Senior Advisor for Sperry Van Ness, specializing in multi-tenant retail shopping centers and freestanding single tenant retail buildings. With more than 19 years of Dallas/Fort Worth commercial real estate market experience, Blake has combined sales and leases in excess of $220 million. While Blake’s shopping center and industrial clients are all across the United States, his focus is retail and industrial income producing properties in the Dallas/Fort Worth metroplex area. Blake began his commercial real estate career in 1985 with the Henry S. Miller Company. Blake teamed up with Fidelity Asset Management, a local commercial real estate investment company, for six years. Blake served as president of Butler Commercial Realty assisting local industrial and retail buyers and sellers for eight years.
James Blake
Senior Advisor Sperry Van Ness
As an involved commercial real estate Advisor, Blake has served as region three representative for the Texas Association of Realtors Commercial Investment Division. He has also served as chairman of the Society of Commercial Realtors in Fort Worth, Texas. In addition, Blake is an active member of the community serving on several civic boards including being a chairman of Parents and Children Together, an organization that counsels the children of incarcerated parents. Blake holds a Certified Commercial Investment Member (CCIM) designation and has earned a bachelor’s degree in real estate finance from Texas Tech University, Lubbock, Texas.
Trevor Dyck
Sp e r r y V an N e s s A d v i s o r
Trevor Dyck Associate Sperry Van Ness
Trevor Dyck serves as an associate for Sperry Van Ness/Visions Realty & Investments, specializing in the sale of land and commercial development of retail, multifamily and o ce property in the Texas, Dallas/Fort Worth market. In his rst year of investment real estate he closed transactions totaling $9.5 million. Although new to the commercial world, he has always met new challenges head on. Dyck places his client’s interests rst and is passionate about achieving maximum value for their listings. Prior to joining Sperry Van Ness, Dyck was an airline pilot for six years for Champion Air. Additionally, he owned Pro Painters, a contracting business in South Carolina working for historic Charleston homes, the Navy, and high-end custom builders. His last year of sales exceeded $500,000. Dyck is a member of the Society of Commercial Realtors, the Texas Association of Realtors. He was one of the 2005 Rookies of the Year with Visions Realty & Investments, Inc. and was the rst and second quarter top producer in 2006.
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
B
efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License
Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee's records.
Buyer, Seller, Landlord or Tenant
Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
01A
Sperry Van Ness 3108 W. 5th Street, Fort Worth TX 76107 Phone: 817-870-9886 Fax: 817-870-9734
TREC No. OP-K
James Blake, CCIM
SW Blvd Disclo
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