6500 Harry Hines Boulevard Dallas, TX 75235

Transcription

1 CoStar LoopNet Xceligent Harry Hines Boulevard Dallas, TX Dallas Medical District Unique Site 5.31 Acres 81,000 + SF Offices Offered Exclusively by JacksonCooksey For more information, contact Fred Deal Merit Drive, Ste. 760, Dallas, TX (972) Office (972) Fax NO WARRANTY OR REPRESENTATION, NO WARRANTY EXPRESSED OR REPRESENTATION, OR IMPLIED, EXPRESSED IS MADE OR AS IMPLIED, TO THE IS MADE ACCURACY AS TO THE OF ACCURACY THE INFORMATION OF THE INFORMATION CONTAINED CONTAINED HEREIN HEREIN AND AND SAME SAME IS SUBMITTED IS SUBJECT TO TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS.

2 EXECUTIVE SUMMARY Property Type: Existing 2-Story Office Building Address: 6500 Harry Hines Boulevard East Mockingbird Lane Location: Dallas Medical District Dallas, Dallas County, Texas Legal: Block A/5758, Part of Lot 5, Forest Park Addition SITE DATA Gross Land Area: (Acres) Gross Land Area: 231,317 (SF) Zoning: IR, Industrial Research District Shape: Rectangular Road Frontage: 352 Frontage Harry Hines 634 Frontage Mockingbird 634 Treadway Street Traffic: 43,000 + Cars/Day Topography: Basically level Utilities: All available and to site Flood Plain: None IMPROVEMENT DATA Construction Type: Two story, single-tenant design, reinforced concrete with concrete block exterior, flat roof system with one-story attached high-ceiling meeting center of concrete tilt wall design with pitched roof. Year Built: 1963 with 16,620 SF addition in 1987 Total Gross Building Area: 81,195 SF First Floor: 22,530 SF Second Floor: 27,045 SF Basement: 15,000 SF Chapel: 16,620 SF Land to Building Ratio: 3.49:1 Parking & Driveways: Concrete Parking: Concrete for 150+ cars For Further Information: Fred H. Deal Jackson & Cooksey, Inc

3 H a r r y H i n e s Salvation Army Dallas Headquarters Introduction The Salvation Army has decided to sell and relocate their Dallas HQ after many years of dedicated use. This office building has been exceptionally maintained and continuously improved over the years. Site Description The Acres is highly visible from Mockingbird Lane and occupies a high point in the area. It is roughly rectangular in shape with over 633 feet of frontage on Mockingbird Lane and feet frontage on Harry Hines. It is accessed via 2 curb cuts on Mockingbird and off Harry Hines on Treadway Street to the south. Parking is provided for over 150 cars. It s IR zoning allows a large number of flexible uses including office, residential, retail and medical. All municipal services are provided to the site. Other available land sites in this submarket are extremely limited. Virtually everything southeast is owned by UT Southwest Medical or Parkland Hospital. Land availabilities are priced at $40.00/SF to $75.00/SF. Currently, development is extremely active with numerous multi-family projects and other mixed uses announced or pending. Improvements Description The original two-story ±50,000 SF office building is complimented by a 15,000 SF basement. There is also a below-grade, covered loading dock in the basement area along with the building mechanicals. In 1987, a chapel was added increasing the size by 16,620 SF to its present 81,195 square feet. The whole structure is built from reinforced concrete with concrete block and metal exterior. The office has a flat roof with the chapel roof being pitched. Interior finish is typical gypsum walls with significant upgraded fine wood paneling. While the building has been well maintained and has classic office functionality, the primary value lies in the land.

4 Area Characteristics Dallas Southwestern Medical District is home to the city s most significant medical facilities. The University of Texas Southwestern Medical Center & Medical School has a 400 acre campus with one of the premier research institutions in the nation. It features four (4) active Nobel Laureates, more than any other medical center in the world. Dallas largest hospital, Parkland, is located here along with In fact, 61% of jobs expected to be created in Dallas over the next few years will be in the Medical District. This will compliment the 5,000 businesses currently in the area employing over 525,000. The Stemmons Corridor is also home to several new Dallas Area Rapid Transit System (DART) Substations. Plans are underway to better link the District with commuter Children s Medical Center, St. Paul Hospital, UTSW Biocenter, Zale Lipsky Hospital and the Center for Brain Health. Parkland Hospital is building a replacement campus at a cost of $1.27 billion, scheduled for completion in UT Southwestern is replacing St. Paul Hospital at a cost of $800 million, scheduled for completion in These are the 2 largest hospital construction projects in the United States. Most of Dallas construction is occurring within the District. services. This will include Love Field, currently undergoing expansion, home to flights a day and Southwest Airlines Headquarters. The Dallas Design District is adjacent to the Medical Center with the Apparel Mart, World Trade Center, Trade Mart, Market Hall, Infomart and the International Floral and Gift Center, combining to generate over $7.5 billion in annual wholesale transactions.

5 Legend: UTD Salvation Army Maple/Mockingbird TIF District Parkland Large Tracts Southwestern Medical TIF District UTSW Multifamily Trinity Strand Trail TWU Available Sites Children s Hospital

6 E X T E R I O R

7 I N T E R I O R

8