Upcoming Auctions
Former Hospital & 5 Medical Office Buildings
- Auction Date:
- 02/05/2010 5:00 PM (Closed)
- Address:
- 3500 Interstate 30
Mesquite, TX 75150
United States [Map | Driving Directions] - Type:
- Office
- Representatives:
- DAVID E. GILMORE, CCIM, CAI, AARE
- 196,234 sq/ft
Former Hospital & 5 Medical Office Buildings
SEALED BID AUCTION! Former Hospital and 5 Medical Office Buildings! The Property will be offered in three individual tracts or in the entirety as listed below. Bidders may bid on one, two or all three tracts.
BIDS DUE FRIDAY FEBRUARY 5, 2010
BEST & FINAL TUESDAY FEBRUARY 9
Tract One contains the Hospital building on 6 acres.
Tract Two contains two 2 story office buildings (B & C) on 3.35 acres.
Tract Three contains three single story office buildings.
Tracts one, two, and three will be offered separately; however, if a buyer offers more for all three tracts than the buyers for the individual tracts then that buyer will be chosen.
It can be used for other medical uses. It would be ideal for an assisted living complex or other advanced care facility. It could also be remodeled as a trade school, training facility or church.
The medical office buildings are partially leased as seen on the rent roll provided. Tract two contains two 2 story buildings with a gross monthly income of $15,502. Tract three contains three single story buildings with a gross monthly income of $5,309.
Future Expenses will be determined by the future uses of these facilities. Dallas Central Appraisal District currently views the entire project as one tract and estimated property taxesfor 2009 are $113,110.60 as seen on the county appraisal sheet provided.
TRACT 1
Hospital Building
Approximately 139,400 SF
3 Stories
Built in 1977; remodeling and
additions 1987, 1994, & 2005
Elevators include 2 Dover
Double Door,
3 Baxter Westinghouse
& 2 Dover
Primarily a wet pipe sprinkler
Located on 6 acres
TRACT2
Building B
Approximately 19,672 SF
2 Stories
Built in 1973
One Elevator
Wet Pipe Sprinkler System
Located on 3.35 acre tract with
Building C
Building C
Approximately 18,004 SF
including basement
2 Stories
Built in 1977
One Elevator
Wet pipe sprinkler system
Located on 3.35 acre tract with
Building B
TRACT 3
Building D
Approximately 6,386 SF
One Story
Built in 1970
Located on 1.75 acre tract with
buildings E and F
Building E
Approximately 6,386 SF
One Story
Built in 1970
Located on 1.75 acre tract with
buildings D and F
Building F
Approximately 6,386 SF
One Story
Built in 1977
Located on 1.75 acre tract with
buildings D and E
The medical office buildings are partially leased and the hospital is vacant. The hospital can not be used as a critical care facility but can be used for almost any other medical purpose.
The properties have great potential to be redeveloped as assisted living, school campus, medical centers or a host of uses. The present zoning is commercial which is a very liberal zoning and allows for many uses.
There is ample parking and meets all city code requirements for current uses. Parking is asphalt and is in good condition with plenty of lighting.
The main hospital building is 139,400 SF with additions in 1984, 1986, 1996, and 2005. The construction is reinforced concrete and steel beam.
The two medical office buildings were constructed in 1973 and 1977. One being 19,672 SF and the other being 18,004 SF. Both buildings are two story.
Three other medical office buildings were constructed in 1970 and 1977. Each Building is approximately 6,386SF and are single story facilities.
Several of the buildings have undergone renovations at different times.
Mesquite is uniquely positioned for business, commerce, and entertainment. Located on the east side of Dallas metroplex, it is served by five major highways: I-20, I-30, I-635, S.H. 352 and U.S. Highway 80. It is home to the fourth largest intermodal facility in the Union Pacific Railroad System and has a rapidly emerging corporate grade airport. The retail sector has grown unabated for over 40 years with over 4 million square feet of space and more than 6 million square feet of total business space. Mesquite has won many awards including the Governor's Community Achievement Award and the National League of Cities Award of Excellence. Mesquite has two schools of higher learning with Eastfield College just across the interstate from the subject properties.
Sealed Bids are due February 5th, no later than 3:00 p.m. C.S.T. The initial offer must be enclosed in a sealed envelope and delivered by U.S. Mail, Overnight Express Mail, or hand delivered to the office of Sperry Van Ness/Gilmore Auction Co., 3316 Florida Ave., Suite 201, Kenner, LA 70065-3645. The package must include signed copy of the Purchase Agreement, Terms and Conditions and Bidder Deposit of $50,000 made out to Chicago Title Insurance Company. Please see "Bid Package" in the documents below for all documents needed to bid.
Financing Offered by Sperry Van Ness / Better Capital
Please contact:
Eric H. Better
President and Principal
Sperry Van Ness / Better Capital Partners
1575 Westwood Blvd
Los Angeles, CA 90024
Office:(310)231-8979
Cell:(310)418-5261
Ebetter@bettercapitalpartners.com
In cooperation with David Cook, 972-387.5600 and John Johnson 404.303.1232
Additional Photographs
Additional Documents
| Description | Size |
|---|---|
| 102.7 KB | |
| 811.6 KB | |
| 4.29 MB | |
| 6.74 MB |
Broker_Prospect_Registration_Form_
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