Northmarq’s Tulsa office completes sale of Ft. Worth, TX medical office

Alliance Medical

Investment Sales - Commercial

Multi-Tenant

FT. WORTH, Texas (Nov. 12, 2024) — Associate Vice President David Annett of Northmarq’s Tulsa office arranged the sale of a 10,000-sq.-ft. healthcare property located at 10600 N. Riverside Drive. The multi-tenant medical office was built in 2018 and features three tenants.

Northmarq represented the purchaser in their 1031 exchange. The property is ideally located near the intersection of Interstate 35W and Highway 170 and is directly across from Texas Health Harris Methodist Hospital and Cooks Children’s Specialty Clinics. The Class B medical office is triple net leased to Riverside Dental, Beelieve Pediatric Therapy and Alliance Women’s Healthcare.

“We were able to identify the subject asset through our marketing efforts prior to it ever hitting the market broadly. Therefore, our 1031 investor had a runway to finalize their underwriting and ultimately choose the property as one of their replacements,” said Annett. “We found that there is a lot of pent-up demand for healthcare service operators in this newer hospital corridor. We felt comfortable with the future of market rents in the corridor, and we’re thankful to the seller’s representatives, NAI Robert Lynn, for giving us a pre-marketing look at the asset for our exchange client.”

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.