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Office Medical

5800 Kell Blvd

5800 Kell W Blvd, Wichita Falls, TX 76310

Listing Price: $2,175,000

Cap Rate
7.18%
Gross SF
13,116
Rentable SF
13,116
Price/Gross SF
$165.83
Occupancy
100.0%
Year Built
2000
Lot Size
1.29 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale 5800 Kell Blvd located in Wichita Falls, Texas. The property is located in Wichita County, Texas with approximately 13,116 square feet of rentable space. The property is fully occupied by Texas Retina Associates, Flat Branch, and the Texas Railroad Commission. With a healthy mix of tenants, this fully occupied office boasts an established medical office for Texas Retina Associates, an office for Flat Branch who provides loans in the surrounding states, and the Texas Railroad Commission office who is focused on regulation of the Oil & Gas industry in its current government role. This location has proximity to Kell West Regional Hospital and frontage on U.S. Highway 82. Kell West Hospital is an acute care hospital that can accommodate outpatient, inpatient, and urgent care needs for the surrounding areas. There have been recent improvements to the property including 3 new HVAC units and a tenant improvement package. An incoming investor would have minimal responsibility with this asset while collecting the cash flow from the two NN leases and one State Agency Gross lease. The multi-tenant office building is conveniently located adjacent to U.S. Highway 82, allowing for easy access to the property. The intersection of Kell W Blvd and Barnett Rd has an estimated average daily traffic volume of 6,420 vehicles. 5800 Kell Blvd benefits from strong demographics, serving a five-mile population of approximately 65,884 residents with a one-mile average household income exceeding $83,382.

Investment Highlights

  • One Single Story 13,116-Square-Foot Multi-Tenant Office Space
  • Positioned Adjacent To U.S. Highway 82
  • 100% Occupied With NN & Modified Gross Leases
  • Recent Renovations Including 3 new HVAC Units & Tenant Improvement Package

Exclusively Listed By

Office Medical

5800 Kell Blvd

Listing Price: $2,175,000

Cap Rate
7.18%
Gross SF
13,116
Rentable SF
13,116
Price/Gross SF
$165.83
Occupancy
100.0%
Year Built
2000
Lot Size
1.29 acres

Investment Highlights

  • One Single Story 13,116-Square-Foot Multi-Tenant Office Space
  • Positioned Adjacent To U.S. Highway 82
  • 100% Occupied With NN & Modified Gross Leases
  • Recent Renovations Including 3 new HVAC Units & Tenant Improvement Package

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale 5800 Kell Blvd located in Wichita Falls, Texas. The property is located in Wichita County, Texas with approximately 13,116 square feet of rentable space. The property is fully occupied by Texas Retina Associates, Flat Branch, and the Texas Railroad Commission. With a healthy mix of tenants, this fully occupied office boasts an established medical office for Texas Retina Associates, an office for Flat Branch who provides loans in the surrounding states, and the Texas Railroad Commission office who is focused on regulation of the Oil & Gas industry in its current government role. This location has proximity to Kell West Regional Hospital and frontage on U.S. Highway 82. Kell West Hospital is an acute care hospital that can accommodate outpatient, inpatient, and urgent care needs for the surrounding areas. There have been recent improvements to the property including 3 new HVAC units and a tenant improvement package. An incoming investor would have minimal responsibility with this asset while collecting the cash flow from the two NN leases and one State Agency Gross lease. The multi-tenant office building is conveniently located adjacent to U.S. Highway 82, allowing for easy access to the property. The intersection of Kell W Blvd and Barnett Rd has an estimated average daily traffic volume of 6,420 vehicles. 5800 Kell Blvd benefits from strong demographics, serving a five-mile population of approximately 65,884 residents with a one-mile average household income exceeding $83,382.

Exclusively Listed By

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