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Medical Plaza at Onion Creek
Site Overview
Overview:We are pleased to announce the Medical Towers at Onion Creek, a premier multi-tenant medical office and retail
property. This executive summary is to provide an overview of the project and the property.
The property is a 3.09 acre tract of land located across I-35 from Onion Creek. The land will be developed into a 38,000
square foot multi-tenant specialty medical office building located in one of the fastest growing communities (Onion Creek) just
south of Austin with very strong demographics and need for premier medical space. The new site offers a link between
Buda/Kyle/San Marcos on Interstate 35, the busiest highway in Texas. The Onion Creek development offers easy ingress and
egress off of I35 to the Onion Creek subdivision as well as the ever growing southwest Austin.
Description:The property is a 3.09 acre tract of land. It will house a 38,000 square foot medical office building, with surface parking equal
to 5/1000 spaces.
Investment Highlight Summary: Property• Unique High Quality Asset- All new Class A 100% leased medical property
• Strategic Location- Located in a high growth, high median income, desirable suburban market West of Austin in
Bee Cave. This property is situated to provide access to the local master planned community as well as the city of
Bee Cave.
• Tenant & Landlord Capital Investments- Tenants have invested significant money making it cost prohibitive
for the tenants to leave and minimizes the risk of lease renewals.
• Predictable Cash Flow with Long Term Tenancy- All leases are long-term, NNN with complete pass thru on
expenses, with annual 3% rent increases.
• Anchor Tenant- Urgent Care/Family Practice
Site Location
SITE
Site Location
Site Aerial
• St. Davids South – 7 MI• Seton Medical Center Hays – 10 MI• Seton Southwest – 10 MI
Seton SW St. Davids South
Seton Hays
Proximity to Hospitals
St. Davids ER
Baylor Scott & White Medical Center
Site Plan
3D View
3D View
Isometric Views
Demographics
Demographics
Demographics
Tenant / Partner
LEASE RATE $25.00-$26.000NNN
NNN $10.00
PARKING Free and reserved for physicians. Free for patients and employees.
SIGNAGE Available to tenants
T.I. ALLOWANCE Up to $60.00 for 10 year lease
TERM OF LEASE 10 years with 3% annual escalation
Tenant Offering
Example Tenant Roster
• Lewis Family Practice and Urgent Care• Solutions Pharmacy• St. Davids Cardiology/ADC• Moody Orthodontics• Heart of Texas Eye Institute• Capitol Gastroenterology• Sanova Dermatology• Texas Physical Therapy Specialists
Equity Creation
The leases escalate 3% annually increasing the base rent paid by tenants
• The Net Operating Income (NOI) increases annually
• Equity is created through “Forced Appreciation” by scheduled increases in NOI
• The Debt decreases each year (Yrs 3-10) through loan amortization
• Valuation Formula
(NOI) = VALUE
CAP RATE
The property over time has a natural equity growth that can then be harvested by using a re-finance event to unlock and “monetize”
equity while still maintaining a responsible debt to equity ratio.
0.
3.75
7.5
11.25
15.
1 2 3 4 5 6 7 8 9 10
Income Debt
Equity Creation
PRACTICE PAYS LEASE
BANK DEBT PAID
REMAINING BALANCE
DISTRIBUTED
MODEL
Tenants/Investors
80%
Developer
20%
ABOUT US
Company Profile
Perardi Development is a national boutique real estate investment firm focused primarily
on developing, acquiring, and managing medical office properties in emerging markets.
Principal focus on
multi-specialty
income producing
medical office
building acquired
through new
construction or
acquisition.
Founded by
professional
management team
with extensive
experience in
healthcare, medical
development and
physician
partnerships.
Innovative ownership
structures, tailored to
physician needs, while
creating investments
that are redeveloping
communities.
Successful record in
acquisition,
financing &
management of
medical properties.
19
Headquartered in
Austin, Texas. 10+
years experience in
and around the
Austin area.
Our Team
As Founder of Perardi Development, Co-Founder of Hat Trick Development and ties to
commercial real estate in Austin for over 10 years; Eric has extensive experience with
development, leasing, marketing, financial modeling, and equity syndication. His
contributions include 10 medical office projects totaling over 300,000 sq ft across
Central Texas and the raising of over $35M of equity for
$150M in projects. Eric also was a Founding Managing Partner of Arise Capital Investments
(ACI), a large medical office developer involved in developing over 150,000 sq ft of space in
and around Austin, Texas. ACI worked with its sister company Arise Healthcare to develop
large multi-tenant medical buildings, supporting the growth of their physician-owned
hospital network: Arise Austin Medical Center. As the former VP of Development for another
medical office developer in Central Texas and a JV Developer and Director of Real Estate
Development for an east coast based Medical Office Developer, Eric was instrumental in
sourcing new projects and the company’s expansion into Texas. Prior to real estate
development, Eric spent 10 years as co-owner of several production companies in Los
Angeles, as well as writing and acting in numerous films and television projects. Eric
attended RPI (Rensselear Polytechnic Institute) in Troy, NY on a Division 1 ice-hockey
scholarship where he received his BS in Industrial Management Engineering.
Eric Perardi, Owner
As a member of Perardi Development and Hat Trick Development, Parker has been involved in
commercial real estate in Austin for the past 5 years and has experience with commercial
property management, development, leasing, and marketing. He has been involved with 5
medical office projects totaling over 100,000 sq ft across central Austin and is responsible for
managing over 100,000
square feet of medical office space. Prior to real estate development, Parker spent 3 years as a
major account representative for an American global corporation that sells document solutions
and services in central Austin. Parker attended the University of Missouri in Columbia, MO
where he received a BS Degree in Marketing.
Parker Dunn, Development Coordinator
About Us
✓Multi-tenant, Class-A medical and professional offices
✓New construction including shells, or existing properties
✓Sizes from 3,000 up to 50,000 sqft/
✓Key Size: 3,500/ 12,000/ 24,000/ 36,000 sqft
✓Medical offices – physicians, group practices, clin- ics, and dental specialties
✓Outpatient treatment & diagnostic centers
✓Urgent Care stand alone buildings
✓Ambulatory surgery centers and cath labs
Asset Types
✓Tenant Ownership with minimal equity investment
✓Tax and Wealth consulting
✓Cost containment through net effective rentalapproach
✓Reduced per square foot cost based on gross size of the building
✓Reduced financial liability on balance sheet
✓ 100% financing of TI and Equipment through preferred bank relationships
✓Complete turn-key approach allowing focus, time,and money to be spent on the practice, whilereceiving an additional real estate investment return
✓Offset of expense for shared equipment or services by co-tenants
✓Availability to use cash savings to spend on practice or other investments to achieve profitability
✓Freedom from operational issues
✓Increased revenue through location of natural referral business within the building.
✓Long term care and partnership
Markets Advantages
✓Texas- Concentrating in Urban and ruralmarkets
✓Growth communities with medical real estate needs
✓Proximity to hospitals, rooftops and retailcorridors
Services
Development
Multi-tenant, Class-A medical
and professional offices.
New construction
including shells, or
existing properties. 3,000
- 50,000 sqft medical
offices, out- patient
treatment & diagnostic
centers, stand alone
urgent cares and
ambulatory surgery
centers.
Property Management
Experienced team managing
day to day
operations. From on
going construction of
new spaces to general
maintenance and
repairs in existing
physician offices. Our
team oversees all our
assets developed
over the past decade
in Central Texas.
Investment Services
Proven & successful investment
platform resulting in the highly
successful acquisitions and operation of
medical office partnerships across a
wide geographic range. Currently 100+
physician partners in
the Central Texas market own or
previously held shares in various real
estate entities.
THANK YOU
(512) 799-7016perardidev.com 1116 Terjo Ln, Austin, TX 78732
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