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ABSOLUTE NET LEASED INVESTMENT OPPORTUNITY
SALES PRICE - $9,435,000 ($15.24/SF)
+/- 10.0% CAP
Texas Medical Portfolio - Texarkana, Texas
Wadley Regional Medical Center – 1000 Pine St.
| Property Size: |
+/- 539,007 rsf |
| # of Beds: |
382 |
| Site Size: |
+/- 16.066 acres (includes outlaying parking areas) |
| Stories: |
6 with a basement |
| Occupancy: |
100% |
| Year Built/Expanded: |
1956/1976, 1983, 1987 & 1990 |
| Renovated: |
2005-2008 & 2011-2012
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Wadley Medical Plaza – 1002 Texas Blvd.
| Property Size: |
+/- 79,967 rsf |
| Site Size: |
+/- 5.921 acres |
| Class: |
B Medical |
| Stories: |
5 |
| Master Lease Occupancy: |
100% |
| Year Built: |
2001 |
+/- 3.949 acre HealthSouth Ground Lease – 515 W. 12th St.
| Site Size: |
+/- 3.949 acre parcel of land ground leased to a Rehabilitation Clinic operated by HealthSouth
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Texas Medical Portfolio is comprised of three medical assets in Texarkana, Texas including: the Wadley Regional Medical Center, an approximately 539,007 square foot, 382-bed hospital leased by Brim Healthcare of Texas, a subsidiary of IASIS; Wadley Medical Plaza, a Class B, multi-tenant medical office building with approximately 79,967 square feet of net rentable area master-leased by IASIS, a national owner and operator of community-focused hospitals; and an approximately 3.949 acre parcel of land leased to a Rehabilitation Clinic operated by HealthSouth.
The Portfolio’s ideal location in the center of Texarkana, Texas offers convenient access to all the highways throughout the city including W. Martin Luther King Jr. Blvd./W. 8th St. (Highway 67), W. 7th St. (Highway 82), N. State Line Ave. and Hickory St. (Highway 71).
Texas Medical Portfolio is bounded within four blocks (with additional surrounding parking parcels): W. 11th St., Olive St., W. 9th St. and Texas Blvd., and offers easy access to the Amtrak-Texarkana Station and the Texarkana Regional-Webb Field Airport.
Texarkana is within a one hour flying radius of Dallas, Texas, Shreveport, Louisiana, Oklahoma City, Oklahoma, Little Rock, Arkansas, Memphis, Tennessee and Jackson, Mississippi.
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