Transwestern Healthcare Capital Markets ("Transwestern") is pleased to offer for sale the fee simple interest in a 12,556 square foot, single-story medical outpatient building located at 501 Rita Lane, Arlington, Texas (the “Property" or "Arlington Park Place Medical Center"). The 1.88-acre site is adjacent to Medical City Arlington, a 496-bed acute care facility anchoring a dense cluster of medical related properties. The Property is currently 100% leased to Texas Health Resources (“THR”) and Action Behavior Centers (“ABC”).
THR’s lease, representing approximately 50% of the building, expires in December 2027, providing new ownership the opportunity to re-lease an existing clinical suite or occupy the space as an owner-user. With on-campus vacancy of just 5.3% and no new medical outpatient space currently under construction in the Arlington/Mansfield submarket, the Property offers in-place income from a national operator alongside compelling future occupancy flexibility.