SkyWalker Property Fund Nabs First Asset
SkyWalker Property Partners acquired a first property for its Cash Flow Fever Fund. Specifically, the Arlington, TX-based fund is now the owner of a 100% leased office building at 1308 Paluxy Rd., adjacent to Lake Granbury Medical Center in Granbury, TX. The seller in the off-market, 1031 Exchange transaction was Hezakiah Holdings LP, which was represented by Nick Talley of Bradford Commercial Real Estate Services.
The property is leased long term to Granbury Hospital Corp., which has 3,888 square feet of the 5,865-square-foot building, and Air Evac EMS Inc., which has the remainder. The single-story building was developed and delivered in 1980, and is situated on approximately one-half acre.
“This investment fits all the parameters of the Cash Flow Fever Fund. The property is well-maintained, cash-flowing and strategically located,” said Clint Holland with SkyWalker Property Partners.
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