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RANGE REALTY ADVISORS
3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219
214-416-8222 RANGEREALTYADVISORS.COM
SILVER RIDGECOLLEYVILLE, TX
SILVER RIDGE ASSISTED LIVING TARRANT COUNTY
OFFERING SUMMARY
SILVER RIDGEASSISTED LIVING
SILVER RIDGE ASSISTED LIVING PROPERTY OVERVIEW
2
Tract A (Building 1): 5314 Bransford Rd Colleyville, TX 76034
Tract B (Buildings 2 & 3): 412 Timberline DrColleyville, TX 76034
Tarrant
Colleyville / Mid-Cities
LOCATION
COUNTY GLA
SUBMARKET
Silver Ridge is an assisted living facility located in Colleyville, TX. The property’s three buildings occupy two tracts located on the north and south sides of Timberline Dr, immediately west of Colleyville’s City Park.
The property features private and semi-private units for its residents. Silver Ridge is currently configured to house 16 assisted living beds and 40 memory care beds for a total of 56 beds in addition to 4 independent living units. The facility was classified by the Texas Department of Aging and Disability Services as a “Type B, Large, Assisted Living Facility with Alzheimer’s certification.”
USES
Assisted living / Memory care / Rehabilitation
Individual buildings: See page 5Total: 20,319 SF
Individual buildings: See page 5Total: 56 beds & 4 independent living units
TOTAL BEDS/UNITS
Tract A: 44,867 SF (1.03 AC)Tract B: 38,735 SF (0.89 AC)Total: 83,602 SF (1.92 AC)
LAND AREA
Call for details
PRICING
Currently vacant
OWNERSHIP
SILVER RIDGE ASSISTED LIVING PROPERTY OVERVIEW
3
TRACT A (BUILDING 1)
TRACT B (BUILDINGS 2 & 3)
Tract A
GLABuilding 1 (built 1986): 11,110 SF
Units/BedsBuilding 1: 19 units/29 beds
Land Area: 44,867 SF (1.03 AC)
Parking: 35 spaces
Tract B
GLABuilding 2 (built 2013): 7,009 SFBuilding 3 (built 2013): 2,200 SF
Units/BedsBuilding 2: 17 units/27 bedsBuilding 3: 4 units
Land Area: 38,735 SF (0.89 AC)
Parking: 24 spaces
SILVER RIDGE ASSISTED LIVING AERIAL OVERVIEW
4
EW
TRACT B
TRACT A
TIMBERLINE N DR
BRA
NSF
OR
D R
D
COLLEYVILECITY PARK
SILVER RIDGE ASSISTED LIVING AERIAL OVERVIEW
5
Blank Map (For Exporting)Texas, AC +/-
Dillon CookP: 214-416-8223 rangerealtyadvisors.com/contact-us/ 3625 North Hall Street, Suite 630, Dallas, TX 75219
The information contained herein was obtained from sourcesdeemed to be reliable. MapRight Services makes no warranties or guarantees as to thecompleteness or accuracy thereof. 844.932.6277 - mapright.com
EW
COLLEYVILECITY PARK
COLL
EYVI
LLE
BLVD
COLL
EYVI
LLE B
LVD
GLADE RD
GLADE RD
GLADE RD
RIV
ERW
ALK
DR
BRA
NSF
OR
D R
D
TIMBERLINE N DR
COLLEYVILLE TERRACE
CHURCH ST
OAK CREST RD
TIMBERLINE S DR
BEA
R C
REE
K D
R
W L D LOCKETT RD
SILVER RIDGE ASSISTED LIVING PROPERTY PHOTOS
6
BUILDING 1
BUILDING 1
BUILDING 1 DINING AREA
BUILDING 1
SILVER RIDGE ASSISTED LIVING MARKET LEASE COMPARABLES
7
GRAND BROOK MEMORY CARE
ATRIA GRAPEVINE
LEGACY AT BEAR CREEK
DANCING RIVER
ELLERY ARBOR MEMORY CARE
ELMCROFT OF BEDFORD
250 Heritage Ave Grapevine, TX 76051 Average lease rate: $6,510/mo
3975 William D Tate Ave Grapevine, TX 76051 Average lease rate: $4,717/mo
200 Keller Smithfield Rd Keller, TX 76248 Average lease rate: $5,133/mo
3735 Ira E Woods Ave Grapevine, TX 76051 Average lease rate: $4,384/mo
8100 Precinct Line Rd Colleyville, TX 76034 Average lease rate: $5,000/mo
250 Heritage Ave Bedford, TX 76021 Average lease rate: $4,900/mo
MARKET TOTAL AVERAGE LEASE RATE: $5,107/MO
SILVER RIDGE ASSISTED LIVING INVESTMENT MERITS
8
PREMIER ASSISTED LIVING SITE
INVESTMENT MERITS
• Economy fueled by job growth, in-migration and corporate relocations.
• DFW has added more than 1 million residents over the past 8 years. In 2018 alone, the metroplex added 132,000 residents, the largest population gain in the country for that year.
• Corporate relocations help fuel in-migration and job creation. Most notable: Toyota North America, Liberty Mutual, State Farm, FedEx, JP Morgan Chase, Charles Schwab, and TD Ameritrade.
• DFW recorded a $613.4 billion GDP in 2019, making it the 10th largest metropolitan area economy in the world
• Approximately 15.9% of Colleyville’s citizens are aged 65+• Colleyville’s residents have a median age of 48• Population of 262,854 within a 5-mile radius
THRIVING DFW MARKET
DEVELOPMENT SUPPORT AND INCENTIVES
• No personal income tax in Texas• No corporate income tax in Texas • Low corporate franchise tax
QUALITY OF LIFE IN COLLEYVILLE
• Colleyville is well-recognized as one of the metroplex’s most prestigious suburbs.
• The area surrounding the property has a median household income of over $170,000.
• The city features 11 award-winning parks and greenbelts.• Owner-occupied housing unit rate of 96.3%• Median owner-occupied home value of $488,900• Estimated population growth of 18.2% from 2010 (22,805
residents) to 2018 (26,945 residents)• 65.6% of the city’s population over the age of 25 holds a
bachelor’s degree or higher
9
ABOUT US
SILVER RIDGE ASSISTED LIVING RANGE REALTY ADVISORS
• Valuations• Acquisitions and Dispositions• Conceptual Land Use Planning• Zoning and Regulatory Approvals• Public Improvement District (PID)
Formation• Strategic Marketing Plans• Property Entitlement and Advocacy • Debt and Equity Placement
• Investment Property Sales and Acquisitions
• Advisory and Consulting Services• Finance and Capital Markets• Real Estate Investments and
Management
Range is a full service commercial real estate brokerage, advisory, finance, and invest-ment firm. Our clients include individual, institutional, and international investors, developers, family offices, and governmen-tal entities. We represent clients seeking to acquire or sell real estate assets and assist in maximizing the return on those assets. To that end, we add value to investment real estate properties through procuring entitle-ment and regulatory approvals; enhancing property value through infrastructure ex-pansion; facilitating public/private partner-ships; and negotiating economic incentives from municipalities and other governmental entities.
OUR SERVICESAREAS OF PRACTICEWHAT WE DO
CONTACT INFORMATION
SILVER RIDGE ASSISTED LIVING ABOUT US
10
Our industry experts are here to provide you with the answers you need. Please feel free to contact Range Realty Advisors so that we may further assist you with your real estate needs.
Office: 214-416-8222 Desk: 214-416-8227 Cell: 214-287-7822 [email protected]
ROBERT GALLMAN Vice President
Office: 214-416-8222 Desk: 214-416-8224 Cell: 214-244-5047 [email protected]
CHRIS BURROW Managing Partner
11-2
-201
5
TYPE
S O
F RE
AL E
STAT
E LI
CEN
SE H
OLD
ERS:
A BR
OKE
R is
resp
onsi
ble
for a
ll br
oker
age
activ
ities
, inc
ludi
ng a
cts p
erfo
rmed
by
sale
s age
nts s
pons
ored
by
the
brok
er.
A
SALE
S AG
ENT
mus
t be
spon
sore
d by
a b
roke
r and
wor
ks w
ith c
lient
s on
beha
lf of
the
brok
er.
A BR
OKE
R’S
MIN
IMU
M D
UTI
ES R
EQU
IRED
BY
LAW
(A c
lient
is th
e pe
rson
or p
arty
that
the
brok
er re
pres
ents
):
Put t
he in
tere
sts o
f the
clie
nt a
bove
all
othe
rs, i
nclu
ding
the
brok
er’s
ow
n in
tere
sts;
In
form
the
clie
nt o
f any
mat
eria
l inf
orm
ation
abo
ut th
e pr
oper
ty o
r tra
nsac
tion
rece
ived
by
the
brok
er;
An
swer
the
clie
nt’s
que
stion
s and
pre
sent
any
offe
r to
or c
ount
er-o
ffer f
rom
the
clie
nt; a
nd
Trea
t all
parti
es to
a re
al e
stat
e tr
ansa
ction
hon
estly
and
fairl
y.
A LI
CEN
SE H
OLD
ER C
AN R
EPRE
SEN
T A
PART
Y IN
A R
EAL
ESTA
TE T
RAN
SACT
ION
:
AS A
GEN
T FO
R O
WN
ER (
SELL
ER/L
ANDL
ORD
): T
he b
roke
r be
com
es t
he p
rope
rty
owne
r's a
gent
thr
ough
an
agre
emen
t w
ith t
he
owne
r, us
ually
in a
writt
en li
sting
to
sell
or p
rope
rty
man
agem
ent
agre
emen
t. An
ow
ner's
age
nt m
ust
perf
orm
the
bro
ker’s
min
imum
du
ties
abov
e an
d m
ust i
nfor
m th
e ow
ner
of a
ny m
ater
ial i
nfor
mati
on a
bout
the
prop
erty
or
tran
sacti
on k
now
n by
the
agen
t, in
clud
ing
info
rmati
on d
isclo
sed
to th
e ag
ent o
r sub
agen
t by
the
buye
r or b
uyer
’s a
gent
.
AS A
GEN
T FO
R BU
YER/
TEN
ANT:
The
bro
ker b
ecom
es th
e bu
yer/
tena
nt's
agen
t by
agre
eing
to re
pres
ent t
he b
uyer
, usu
ally
thro
ugh
a w
ritten
repr
esen
tatio
n ag
reem
ent.
A bu
yer's
age
nt m
ust p
erfo
rm th
e br
oker
’s m
inim
um d
uties
abo
ve a
nd m
ust i
nfor
m th
e bu
yer o
f any
m
ater
ial i
nfor
mati
on a
bout
the
prop
erty
or t
rans
actio
n kn
own
by th
e ag
ent,
incl
udin
g in
form
ation
disc
lose
d to
the
agen
t by
the
selle
r or
selle
r’s a
gent
.
AS A
GEN
T FO
R BO
TH -
IN
TERM
EDIA
RY:
To
act
as a
n in
term
edia
ry b
etw
een
the
parti
es t
he b
roke
r m
ust
first
obt
ain
the
writt
en
agre
emen
t of
eac
h pa
rty
to t
he t
rans
actio
n. T
he w
ritten
agr
eem
ent
mus
t st
ate
who
will
pay
the
bro
ker
and,
in c
onsp
icuo
us b
old
or
unde
rline
d pr
int,
set f
orth
the
brok
er's
oblig
ation
s as a
n in
term
edia
ry. A
bro
ker w
ho a
cts a
s an
inte
rmed
iary
:
M
ust t
reat
all
parti
es to
the
tran
sacti
on im
parti
ally
and
fairl
y;
May
, with
the
par
ties'
writt
en c
onse
nt, a
ppoi
nt a
diff
eren
t lic
ense
hol
der
asso
ciat
ed w
ith t
he b
roke
r to
eac
h pa
rty
(ow
ner
and
buye
r) to
com
mun
icat
e w
ith, p
rovi
de o
pini
ons a
nd a
dvic
e to
, and
car
ry o
ut th
e in
stru
ction
s of e
ach
part
y to
the
tran
sacti
on.
M
ust n
ot, u
nles
s spe
cific
ally
aut
horiz
ed in
writi
ng to
do
so b
y th
e pa
rty,
disc
lose
: ᴑ
that
the
owne
r will
acc
ept a
pric
e le
ss th
an th
e w
ritten
ask
ing
pric
e;ᴑ
that
the
buye
r/te
nant
will
pay
a p
rice
grea
ter t
han
the
pric
e su
bmitt
ed in
a w
ritten
offe
r; a
ndᴑ
any
confi
denti
al i
nfor
mati
on o
r an
y ot
her
info
rmati
on t
hat
a pa
rty
spec
ifica
lly i
nstr
ucts
the
bro
ker
in w
riting
not
to
disc
lose
, unl
ess r
equi
red
to d
o so
by
law
.
AS S
UBA
GEN
T: A
lice
nse
hold
er a
cts
as a
sub
agen
t whe
n ai
ding
a b
uyer
in a
tran
sacti
on w
ithou
t an
agre
emen
t to
repr
esen
t the
bu
yer.
A su
bage
nt c
an a
ssist
the
buye
r but
doe
s not
repr
esen
t the
buy
er a
nd m
ust p
lace
the
inte
rest
s of t
he o
wne
r firs
t.
TO A
VOID
DIS
PUTE
S, A
LL A
GRE
EMEN
TS B
ETW
EEN
YO
U A
ND
A BR
OKE
R SH
OU
LD B
E IN
WRI
TIN
G AN
D CL
EARL
Y ES
TABL
ISH:
The
brok
er’s
duti
es a
nd re
spon
sibili
ties t
o yo
u, a
nd y
our o
blig
ation
s und
er th
e re
pres
enta
tion
agre
emen
t.
Who
will
pay
the
brok
er fo
r ser
vice
s pro
vide
d to
you
, whe
n pa
ymen
t will
be
mad
e an
d ho
w th
e pa
ymen
t will
be
calc
ulat
ed.
LICE
NSE
HO
LDER
CO
NTA
CT IN
FORM
ATIO
N: T
his n
otice
is b
eing
pro
vide
d fo
r inf
orm
ation
pur
pose
s. It
doe
s not
cre
ate
an o
blig
ation
for
you
to u
se th
e br
oker
’s se
rvic
es. P
leas
e ac
know
ledg
e re
ceip
t of t
his n
otice
bel
ow a
nd re
tain
a c
opy
for y
our r
ecor
ds.
Info
rmat
ion
Abou
t Bro
kera
ge S
ervi
ces
Texa
s law
requ
ires a
ll re
al e
stat
e lic
ense
hol
ders
to g
ive
the
follo
win
g in
form
ation
abo
ut
brok
erag
e se
rvice
s to
pros
pecti
ve b
uyer
s, te
nant
s, se
llers
and
land
lord
s.
.
Desig
nate
d Br
oker
of F
irm
Lice
nse
No.
Em
ail
Phon
e
Lice
nsed
Sup
ervi
sor o
f Sal
es A
gent
/As
soci
ate
Li
cens
e N
o.
Emai
l Ph
one
Lice
nsed
Bro
ker /
Brok
er F
irm N
ame
or
Prim
ary
Assu
med
Bus
ines
s Nam
e
Lice
nse
No.
Em
ail
Phon
e
Regu
late
d by
the
Texa
s Rea
l Est
ate
Com
miss
ion
Inf
orm
ation
ava
ilabl
e at
ww
w.tr
ec.te
xas.g
ov
I
ABS
1-0
Dat
e Bu
yer/T
enan
t/Sel
ler/L
andl
ord
Initi
als
Sale
s Age
nt/A
ssoc
iate
’s N
ame
Lice
nse
No.
Em
ail
Phon
e
Ran
geR
ealty
Advi
sors
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info
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advi
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214-
416-
8222
Thom
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0558
966
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advi
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214-
416-
8225
Thom
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0558
966
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ll@ra
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advi
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214-
416-
8225
Rob
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advi
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214-
416-
8227
RANGE REALTY ADVISORS
3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219
214-416-8222 RANGEREALTYADVISORS.COM
THIS INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT RANGE REALTY ADVISORS, LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. RANGE REALTY ADVISORS, LLC MAKES NO GUARANTEE, WARRANTY OR REPRESENTATION AS TO THE INFORMATION, AND ASSUMES NO RESPONSIBILITY FOR ANY ERROR, OMISSION OR INACCURACY. THE INFORMATION IS SUBJECT TO POSSIBILITY OF ERRORS, OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE, OR WITHDRAWAL WITHOUT NOTICE. ANY PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR
ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD CONDUCT THEIR OWN INVESTIGATION.