2709 Hospital Blvd - Hospitals FOR SALE


Grand Prairie, TX 75051
$25,000,000 USD
214-918-3260
2709 Hospital Blvd, Grand Prairie, TX for Sale
$25,000,000 USD
Hospitals - FOR SALE
1/17
null | Request Cap Rate

2709 Hospital Blvd
Grand Prairie, TX 75051


HIGHLIGHTS

  • Broker opinion of value of $51,000,000
  • Distressed seller, property needs to move as soon as possible
  • Partially renovated facility
  • History of strong profitability
  • 6 acres of extra vacant land

OVERVIEW

Grand Prairie General Hospital operated as a highly profitable, privately-owned hospital serving patients in the D/FW area until 2019 when the facility was closed. Conveniently located in the mid cities, it is minutes from D/FW airport an and equidistant from Fort Worth and Dallas. The hospital was built in 1979 and did business in the 1980’s as Dallas/Fort Worth Medical Center. The property was purchased and upgraded by Renaissance Hospital in 2004 . The hospital was purchased recently by a group of investors who made substantial improvements to the interior. The hospital campus, which comprises approximately 21 acres, includes a 41-bed short term acute care hospital with 240,970 SF, as well as a two-story, 29,837 SF medical office building. There is also a separate plant operations building and 5.89 acres of excess land. In addition, floors 2 through 6 of the south patient tower provide another 150 flexible patient rooms in a partially completed condition that includes some framing, med gases, HVAC, sprinklers and electrical in place. These additional rooms could be used to provide behavioral health or rehabilitation hospital capacity, or expand the hospital’s inpatient beds. The second floor of the medical office building containing approximately 14,919 square feet also remains in an unfinished condition and could be built out to specifications. The property is located in a commercial corridor with both residential developments and numerous employers. Some of the area employers include, AT&T Stadium, Globe Life Field, Six Flags Over Texas, Lockheed Martin, General Motors, Bell Helicopter, Lone Star Park, Siemens, Poly-America, Pitney Bowes, and many others. The Veterans Administration owns the adjacent. There are more than 152,000 employees within five miles of the facility and almost 300,000 residents. The owners are interested in entertaining offers to purchase or lease the property including options to subdivide the property for various uses

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Grand Prairie General - MOTIVATED SELLER

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

A

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

645

LAND DETAILS

LAND ACRES

21 AC

LAND SF

914,760 SF

ZONING

HD

APN/PARCEL ID

05959071

ASK ABOUT THIS PROPERTY

Brandon ColomboBracket Real Estate, Inc.More Info
214-918-3260

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Brandon ColomboBracket Real Estate, Inc.More Info
214-918-3260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.