deal image
501 Rita LnArlington, TX 76014
Arlington Park Place Medical Center
Asset ClassHealthcare Facility
Square Feet12,556
# Stories: 1Site Area: 1.88 Sq. FtParking Spaces: 73 SpacesAccess Data Room
Arlington Park Place Medical Center | 12,556 SF Medical Outpatient Building | Arlington, TX
overview of deal

Overview

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.

Investment Highlights

  • 12,556 SF Medical Outpatient Building Offering Investor and Owner-User Optionality
  • Strong Clinical Users Including Regional Healthcare Providers
  • Campus Adjacent Location with Strong Demographics
  • Lease up Potential with Acquisition Basis Below Replacement Cost

 

 

501 Rita LnArlington, TX 76014

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