6500 Harry Hines Boulevard Dallas, TX 75235
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6500 Harry Hines Boulevard Dallas, TX 75235
6500 Harry Hines Boulevard Dallas, TX 75235 Dallas Medical District Unique Site 5.31 Acres 81,000 + SF Offices Offered Exclusively by JacksonCooksey For more information, contact Fred Deal 12770 Merit Drive, Ste. 760, Dallas, TX 75251 (972) 934-9757 Office | (972) 980-0490 Fax [email protected] NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. EXECUTIVE SUMMARY Property Type: Existing 2-Story Office Building Address: 6500 Harry Hines Boulevard East corner @ Mockingbird Lane Location: Dallas Medical District Dallas, Dallas County, Texas Legal: Block A/5758, Part of Lot 5, Forest Park Addition SITE DATA IMPROVEMENT DATA Gross Land Area: 5.3103 (Acres) Construction Type: Two story, single-tenant design, reinforced concrete with concrete block Gross Land Area: 231,317 (SF) exterior, flat roof system with one-story attached Zoning: “IR”, Industrial Research District high-ceiling meeting center of concrete tilt wall Shape: Rectangular design with pitched roof. Road Frontage: 352’ Frontage Harry Hines Year Built: 1963 with 16,620 SF addition in 634’ Frontage Mockingbird 1987 634’ Treadway Street Total Gross Building Area: 81,195 SF Traffic: 43,000 + Cars/Day Topography: Basically level Utilities: All available and to site Flood Plain: None Parking & Driveways: Concrete For Further Information: First Floor: Second Floor: Basement: Chapel: 22,530 SF 27,045 SF 15,000 SF 16,620 SF Land to Building Ratio: 3.49:1 Parking: Concrete for 150+ cars Fred H. Deal Jackson & Cooksey, Inc. 972.934.9757 NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. 6500 Harry Hines Salvation Army Dallas Headquarters Introduction The Salvation Army has decided to sell and relocate their Dallas HQ after many years of dedicated use. This office building has been exceptionally maintained and continuously improved over the years. Site Description The 5.3103 Acres is highly visible from Mockingbird Lane and occupies a high point in the area. It is roughly rectangular in shape with over 633 feet of frontage on Mockingbird Lane and 366 + feet frontage on Harry Hines. It is accessed via 2 curb cuts on Mockingbird and off Harry Hines on Treadway Street to the south. Parking is provided for over 150 cars. It’s IR zoning allows a large number of flexible uses including office, residential, retail and medical. All municipal services are provided to the site. Other available land sites in this submarket are extremely limited. Virtually everything southeast is owned by UT Southwest Medical or Parkland Hospital. Land availabilities are priced at $40.00/SF to $75.00/SF. Currently, development is extremely active with numerous multi-family projects and other mixed uses announced or pending. Improvements Description The original two-story ±50,000 SF office building is complimented by a 15,000 SF basement. There is also a below-grade, covered loading dock in the basement area along with the building mechanicals. In 1987, a chapel was added increasing the size by 16,620 SF to its present 81,195 square feet. The whole structure is built from reinforced concrete with concrete block and metal exterior. The office has a flat roof with the chapel roof being pitched. Interior finish is typical gypsum walls with significant upgraded fine wood paneling. While the building has been well maintained and has classic office functionality, the primary value lies in the land. NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. Area Characteristics Dallas’ Southwestern Medical District is home to the city’s most significant medical facilities. The University of Texas Southwestern Medical Center & Medical School has a 400 acre campus with one of the premier research institutions in the nation. It features four (4) active Nobel Laureates, more than any other medical center in the world. Dallas’ largest hospital, Parkland, is located here along with Children’s Medical Center, St. Paul Hospital, UTSW Biocenter, Zale Lipsky Hospital and the Center for Brain Health. Parkland Hospital is building a replacement campus at a cost of $1.27 billion, scheduled for completion in 2014. UT Southwestern is replacing St. Paul Hospital at a cost of $800 million, scheduled for completion in 2014. These are the 2 largest hospital construction projects in the United States. Most of Dallas’ construction is occurring within the District. In fact, 61% of jobs expected to be created in Dallas over the next few years will be in the Medical District. This will compliment the 5,000 businesses currently in the area employing over 525,000. The Stemmons Corridor is also home to several new Dallas Area Rapid Transit System (DART) Substations. Plans are underway to better link the District with commuter services. This will include Love Field, currently undergoing expansion, home to 500 + flights a day and Southwest Airlines Headquarters. The Dallas Design District is adjacent to the Medical Center with the Apparel Mart, World Trade Center, Trade Mart, Market Hall, Infomart and the International Floral and Gift Center, combining to generate over $7.5 billion in annual wholesale transactions. NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. Legend: UTD Parkland UTSW TWU Children’s Hospital Salvation Army Large Tracts Multifamily Available Sites Maple/Mockingbird TIF District Southwestern Medical TIF District Trinity Strand Trail NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. E X T E R I O R NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. I N T E R I O R NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS. NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS.