1722 9Th St, Wichita Falls, TX 76301
25,133 SF | 100% Leased | Office Building | Online Auction Sale | Wichita Falls, TX 76301
For Sale
Active
- Property Type
-
Office
- Square Feet
- 25,133 SF
Listing Contacts
Vasili Davos
Eric Lee
Sophy Cardenas
- Property Info
Property Overview
Berkadia's Medical & Life Sciences, in tandem with Ten-X, is pleased to offer a 25,133-square-foot fully occupied outpatient medical facility at 1722 9th Street. The two-story facility boasts a masonry façade and includes two adjacent parking lots and a vacant developable lot. 1722 9th Street is occupied by North Texas Neurology Associates, a local neurology group that has practiced within the region since 1986. The highly specialized practice benefits from its proximity to medical service providers. The property is located just 0.2 miles from the only hospital in the region, the United Regional Health Care System, a 244-bed acute care facility with net patient revenue of $422 million and a net operating profit margin of 3.3%.
1722 9th Street is strategically located near US Highway 277, affording proximity to Wichita Falls’ major travel arteries and primary retailers and service providers. With over 29% of the Wichita Falls workforce working in healthcare and social assistance, the property and its occupants benefit from a well-trained and highly specialized workforce.
Founded in 1876 and named for the Wichita River, Wichita Falls is located in northern Texas and serves as the county seat of Wichita County. Known as the Gateway to Texas, this charming locale lies just 20 minutes from the Oklahoma-Texas state line, accessible via Interstate 44. Home to three colleges and Sheppard Air Force Base, Wichita Falls is a bustling city that maintains its small-town allure. The city’s placement just north of Dallas and close to the Oklahoma border makes Wichita Falls a highly desirable locale that has experienced growth on par with The Lone Star State’s population expansion. Wichita Falls is also home to an aging population, with over 26% of the population being 55 or older.
1722 9th Street is strategically located near US Highway 277, affording proximity to Wichita Falls’ major travel arteries and primary retailers and service providers. With over 29% of the Wichita Falls workforce working in healthcare and social assistance, the property and its occupants benefit from a well-trained and highly specialized workforce.
Founded in 1876 and named for the Wichita River, Wichita Falls is located in northern Texas and serves as the county seat of Wichita County. Known as the Gateway to Texas, this charming locale lies just 20 minutes from the Oklahoma-Texas state line, accessible via Interstate 44. Home to three colleges and Sheppard Air Force Base, Wichita Falls is a bustling city that maintains its small-town allure. The city’s placement just north of Dallas and close to the Oklahoma border makes Wichita Falls a highly desirable locale that has experienced growth on par with The Lone Star State’s population expansion. Wichita Falls is also home to an aging population, with over 26% of the population being 55 or older.
Property Details
- Class
- B
- Year Built/Renovated
- 1957/2003
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 91,476 SF
Highlights
- Surrounded by demand drivers and offering proximity to I-44, US Hwy 287, and the region’s primary hospital system, United Regional Health Care System.
- 100% NNN leased by a long-standing healthcare provider and offering the potential for mark-to-market opportunities upon lease renewal.
- Offered below replacement cost with a 0.37-acre tract of excess land that is separately parceled with development potential.
- Over 26% of Wichita Falls residents are over the age of 55 and the aging population delivers a high demand for quality, accessible medical services.
- Boasting proximity to national retailers and food purveyors, including Walmart Supercenter, IHOP, McDonalds, Burger King, and many more.
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