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Weatherford Medical Portfolio 706, 710, 730 East Eureka Street, Weatherford, Texas 76086
Weatherford Medical Portfolio706, 710, 730 East Eureka Street, Weatherford, Texas 76086
ALL USE DISCLOSURE AND/OR REPRODUCTION NOT SPECIFICALLY AUTHORIZED IS PROHIBITED. ALL RIGHTS RESERVED. MedCore Partners (“Agent”) has presented this confidential Investment Memorandum to assist the recipient in evaluating the “Property or Building” and it is intended for your use only. This confidential material contains brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or com-pleteness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed. Agent disclaims all liabilities in connection with any inaccuracies or incompleteness. The Buyer should independently verify each item of in-formation and have the same reviewed by its tax advisor and/or legal counsel. The buyer agrees that (a) the Buyer shall not contact any property manager, employee or tenant of the Property regarding the enclosed materials or the Property, without prior approval of Agent; and (b) the Buyer understands and agrees that Agent represents the seller and not the Buyer. Neither the seller nor agent shall have any obligation to pay any commission, finders fee, or other compensation to any broker or other person dealing with the Buyer. The Buyer shall defend, indemnify and hold harmless the seller, Agent and its affiliates from and against any claims, demands, damages, liabilities, costs or expenses relating to any claim for a commission, finder’s fee or other compensation by any broker or other person dealing with the Buyer. The Property is being sold on an “as-is, where-is” and “with all faults” basis. - 2020
Kyle A. Libby Partner O: 214.347.8577 C: 214.228.0300 [email protected]
Michael P. Collins Senior VP O: 214.736.1973 C: 214.244.2278 [email protected]
CONTACT INFORMATION
CONTENTSExecutive Summary 4
Market Overview 14
Offer Instructions 18
EXECUTIVE SUMMARYWeatherford Medical Portfolio
THE OFFERINGEXECUTIVE SUMMARY
MedCore Partners is pleased to exclusively offer the Weatherford Medical Portfolio, three medical office buildings totaling 11,730 square feet in Weatherford, Texas. The property is 100% leased and 30 miles west of Downtown Fort Worth. The property is located east of Main Street just North of Interstate 20. The occupants include a full-service medical clinic specializing in obstetrics and gynecology and a wound care and hyperbaric center specializing in various types of wound care treatment.
PROPERTY
Weatherford Medical Portfolio
ADDRESS
706,710,730 East Eureka Street
Weatherford, TX 76086
COMPLETED/RENOVATED
2009, 2017, 2010
SIZE
11,730 RSF
OCCUPANCY
100% Leased
TENANT OVERVIEWEXECUTIVE SUMMARY
The Weatherford Medical Portfolio office suites are located at 706, 710, and 730 East Eureka Street in Weatherford, Texas. 706 East Eureka Street was built in 2009, 710 East Eureka Street was built in 2017 and 730 East Eureka Street was renovated in 2010. All three medical office buildings offer a total of 11,730 rentable square feet, Class A, medical office space located within Parker County. The Property is 100% leased and is occupied by two tenants, Weatherford OB/GYN Associates and the Medical City Weatherford Wound Care and Hyperbaric Center.
Weatherford OB/GYN Associates is a full-service medical clinic specializing in obstetrics and gynecology. They were established in 2007 and offer high-quality care for women at every stage of their lives including teen and adult health and wellness, pregnancy care, feritlity concerns, menopausal support, and surgical system intervention for reproductive system disorders. The practice houses four Board Certified physicians and professional office staff that works to provide patients the highest level of service.
The Medical City Weatherford Wound Care and Hyperbaric Center specializes in various types of wound care treatment. They offer various treatment methods including hyperbaric oxygen therapy, biological skin substitutes, and many more. They help patients manage their wound healing process from start to finish, ensuring they have a consistent plan of care.
PROPERTY PHOTOS EXECUTIVE SUMMARY
706 EAST EUREKA STREETEXTERIOR
PROPERTY PHOTOS EXECUTIVE SUMMARY
706 EAST EUREKA STREETINTERIOR
PROPERTY PHOTOS EXECUTIVE SUMMARY
710 EAST EUREKA STREETEXTERIOR
PROPERTY PHOTOS EXECUTIVE SUMMARY
710 EAST EUREKA STREETINTERIOR
PROPERTY PHOTOS EXECUTIVE SUMMARY
730 EAST EUREKA STREETEXTERIOR
PROPERTY PHOTOS EXECUTIVE SUMMARY
730 EAST EUREKA STREETINTERIOR
FLOOR PLANSEXECUTIVE SUMMARY
6'-6"
3'-0"
x 6'-8
"
2'-10
"3'-
0" x 6
'-8"
5'-5"
14'-9
"
15'-7"
7'-7"
2'-10
" x3'-
10"
2'-10
"
2'-10
" x3'-
10"
2'-10
"
2'-10
" x3'-
10"
7'-8"
20'-1
1"
4'-0"
3'-0" x 6'-8"
8'-3"
2'-9"
8'-6"
1'-10" x 2'-10"
4'-1"
1'-10" x 2'-10"
9'-8"
2'-10" x 2'-10"
2'-10"
2'-10" x 2'-10"
12'-10"37'-11"
3'-1"
4'-1"
3'-0" x 2'-10"
6'-1"
3'-0" x 2'-10"
6'-1"
3'-0" x 2'-10"
3'-9"20'-0"3'
-0"
2'-0"
30'-4
"
4'-9"
2'-10" x 2'-10"
7'-6"
2'-10" x 2'-10"
5'-3"
2'-6" x 6'-8"
6'-6"
2'-10" x 2'-10"
2'-11"
2'-10" x 2'-10"
14'-9"
2'-10" x 2'-10"
3'-0"
2'-10" x 2'-10"
7'-11"
3'-0" x 6'-8"
8'-4"
2'-10" x 2'-10"
2'-11"
2'-10" x 2'-10"
10'-5"
2'-10" x 2'-10"
9'-7"
3'-0" x 2'-10"
4'-1"87'-11"
3'-0"
2'-10"x3'-10"
6'-1"
2'-10"x3'-10"
7'-5"
4'-0"x2'-10"
4'-1"20'-7"
11'-3"
11'-0"
7'-2
"
7'-1
"
5'-6"7'-1
"
5'-3"
7'-1
"
4'-3
"
3'-5
"
3'-0
"x6'
-8"
2'-9
"
7'-2"
12'-7"
2'-0
"
3'-0
"x6'
-8"
2'-5
"
7'-3"
3'-0" x 6'-8"
9'-3"
3'-0" x 6'-8"
4'-0"
3'-0" x 6'-8"
10'-9"31'-3"
3'-8
"
3'-8
"
1'-8"
2'-6" x 6'-8"
12'-11"
3'-0" x 6'-8"
2'-0"16'-7"
7'-5"
3'-9"
3'-9
"
3'-0
"x6'
-8"
8'-1
1"
3'-0
"x6'
-8"
3'-1
1"
3'-0
"x6'
-8"
7'-3
"23
'-10"
11'-3"
22'-1
1"
17'-10"
5'-0"
2'-6" x 6'-8" CO
18'-10"9'-4"
8'-0"
2'-6" x 6'-8"
3'-11"
2'-6" x 6'-8"
15'-2"27'-1"1
'-11"
2'-6
"x6'
-8"
1'-9
"
3'-3"
1'-1
0"
2'-6
"x6'
-8"C
O
3'-1
0"
9'-9
"
8'-1
0"
4'-9"
3'-0" x 6'-8"
1'-10"8'-3"
19'-1"
8'-7"
2'-0
"
3'-0
"x6'
-8"
15'-1
"
3'-0
"x6'
-8"
2'-0
"19
'-1"
9'-3"
3'-0" x 6'-8"
6'-4"
7'-3" x 6'-8" CO
5'-0"20'-7"
6'-8"
11'-7
"
RECEPTION 9'5" X 32'0"
DIRECTOR 9'9" X 8'9"
TcPo2 MappingEXAMROOM 6 11'0" X 11'11"
STORAGE8'8" x 11'11"
OFFICE17'2" X 8'9"
BREAK7'0" X 12'6"
STORAGE7'0" x 6'2"
PHYSICIAN10'0" x 11'0"
EXAM ROOM 110'10" X 8'6"
EXAMROOM 210'10" X 8'6"
EXAMROOM 310'10" X 8'6"
EXAMROOM 48'3" X 9'0"
EXAMROOM 58'3" X 9'7"
CHANGINGROOMS7'7" X 8'0"
HBO AREA
STAFF RR
ADA RR
ADA RR
3'-4"
After BuiltCovered Porch
Covered Porch 2972 Sq. Ft.
NURSES AREA17'10" X 22'11"
UTIL
2'-4"
1'-10
"
14'-9"
2'-9
"
4'-0
" x6'
-8"
6'-7
"
2 hr firewall double 5/8" sheetrock
4-0x6-8 2 hr door
Oxygen zone valve(s)
706 E. Eureka St.
730 E. Eureka St.
710 E. Eureka St.
MARKET OVERVIEWWeatherford Medical Portfolio
WEATHERFORD, TEXASMARKET OVERVIEW
LOCATIONThe City of Weatherford occupies a territory of approximately 27.04 square miles. Weatherford is located approximately 30 miles west of the City of Fort Worth and approximately 60 miles west of the City of Dallas. Interstate 20 runs along the City’s southern boundary and provides for major access to Fort Worth and Dallas.
Weatherford is situated such that it has maintained an independent identity from the Dallas Fort Worth Metroplex yet its close proximity to this major urban area has had a direct effect. Residents find themselves able to achieve a rural lifestyle without sacrificing the conveniences and labor market of a major metropolitan area. Many Weatherford residents commute into the Metroplex to work.
ECONOMYMuch of the City’s commercial and industrial growth is directly attributable to its relative location to the Metroplex. The City’s major commercial and industrial employers find Weatherford attractive since it offers the advantages of convenient access to the region’s major transportation and shipping infrastructure without the disadvantages related to physically locating within a major urban area.
Historically, the Dallas/Fort Worth Metroplex has enjoyed an extremely low unemployment rate. It has also enjoyed the growth of a diverse economic base. The outward growth of Dallas/Fort Worth will impact the transition of Weatherford from its farming and ranching roots to increased urban residential, commercial, and industrial development.
706,710,730 E. Eureka St.
DEMOGRAPHIC OVERVIEW
WEATHERFORD$64,400
PARKER COUNTY$67,900
TEXAS$54,300
USA$56,500
MEDIAN HOUSEHOLD INCOME
WEATHERFORD, TEXAS
37,279
Weatherford’s expected population by 2024
54%
POPULATION GROWTH
USA
TEXAS
PARKER COUNTY
WEATHERFORD
5%
8.5%
7.5%
11%
2% 1%2%
13%
ETHNICITY DISTRIBUTION
25,000
50,000
75,000
82%
Asian Black Hispanic White Other
DEMOGRAPHIC OVERVIEW
86.6%of the total population has
access to medical care
through government or
private programs.
COMMERCIAL
MEDICARE
MEDICAID
MILITARY
54%
19%
9.5%
4%
COMMERCIAL INSURANCE COVERAGE
WEATHERFORD PARKER COUNTY
TEXAS USA
54% 56% 51% 53%
MEDICARE COVERAGE
WEATHERFORD PARKER COUNTY
TEXAS USA
19% 18%15%
19% 13%
15%
9.5%8.5%
WEATHERFORD PARKER COUNTY
TEXAS USA
MEDICAID COVERAGE
HEALTHCARE INSURANCE COVERAGE OVERVIEWWEATHERFORD, TEXAS
OFFER INSTRUCTIONSWeatherford Medical Portfolio
WEATHERFORD MEDICAL PORTFOLIOOFFERING INSTRUCTIONS
OFFER INSTRUCTIONS
The purchaser will be selected by the sellers in their sole and absolute discretion based on the information outlined below.
Offers are due in writing through MedCore Partners and should include the following:
• Purchase price• The amount of proposed earnest money deposit• Proposed inspection period and closing period• Description of any contingencies and approved
committees required to close the transaction
MedCore will assist prospective purchaser in arranging property tours and will respond to questions related to this OM.
Kyle A. Libby Partner O: 214.347.8577 C: 214.228.0300 [email protected]
Michael P. Collins Senior VP O: 214.736.1973 C: 214.244.2278 [email protected]
Interested parties are requested to direct all communications regarding the property to:
