6500 harry hines boulevard dallas, tx 75235 medical district unique site 6500 harry hines boulevard...

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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. Dallas Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste. 760, Dallas, TX 75251 (972) 934-9757 Office | (972) 980-0490 Fax www.jacksoncooksey.com NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO 5.31 Acres 81,000 + SF Offices Offered Exclusively by JacksonCooksey CoStar-41051 LoopNet- 17906172 Xceligent -1379536

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Page 1: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.

Dallas Medical District

Unique Site

6500 Harry Hines Boulevard Dallas, TX 75235

For more information, contact Fred Deal

12770 Merit Drive, Ste. 760, Dallas, TX 75251

(972) 934-9757 Office | (972) 980-0490 Fax

www.jacksoncooksey.com NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO

5.31 Acres 81,000 + SF Offices

Offered Exclusively by JacksonCooksey

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Page 2: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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)

Gross Land Area: 231,317 (SF)

Zoning: “IR”, Industrial Research District

Shape: Rectangular

Road Frontage: 352’ Frontage Harry Hines

634’ Frontage Mockingbird

634’ Treadway Street

Traffic: 43,000 + Cars/Day

Topography: Basically level

Utilities: All available and to site

Flood Plain: None

Parking & Driveways: Concrete

Construction Type: Two story, single-tenant

design, reinforced concrete with concrete block

exterior, flat roof system with one-story attached

high-ceiling meeting center of concrete tilt wall

design with pitched roof.

Year Built: 1963 with 16,620 SF addition in

1987

Total Gross Building Area: 81,195 SF

First Floor: 22,530 SF

Second Floor: 27,045 SF

Basement: 15,000 SF

Chapel: 16,620 SF

Land to Building Ratio: 3.49:1

Parking: Concrete for 150+ cars

For Further Information:

Fred H. Deal Jackson & Cooksey, Inc.

972.934.9757

Page 3: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.

6 5 0 0 H a r r y H i n e s

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.

Page 4: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.

Page 5: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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 Salvation Army Maple/Mockingbird TIF District Parkland Large Tracts Southwestern Medical TIF District UTSW Multifamily Trinity Strand Trail TWU Available Sites Children’s Hospital

Page 6: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.

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Page 7: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.

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Page 8: 6500 Harry Hines Boulevard Dallas, TX 75235 Medical District Unique Site 6500 Harry Hines Boulevard Dallas, TX 75235 For more information, contact Fred Deal 12770 Merit Drive, Ste

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.