Cap Rate
8.08%
Price Per SF
$262
Gross SQFT
25,444
Year Built
1984 / R2018
Property Type
Healthcare
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- IMMEDIATE VALUE-ADD POTENTIAL: Capture untapped revenue by leasing the remaining 8% of the building space, giving you a straightforward path to boosting your returns and maximizing asset value.
- LONG-TERM STABILITY WITH BUILT-IN GROWTH: With a Weighted Average Lease Term (WALT) of over 7 years and annual 2.5% rent escalations, this property provides unparalleled income security and consistent growth.
- IMPRESSIVE FINANCIAL CONFIDENCE: At close, three tenants will sign brand-new 10-year NNN leases with built-in rent escalations, locking in long-term cash flow that beats inflation and ensuring a solid return on investment.
- PRIME LOCATION WITH UNMATCHED EXPOSURE: Situated at the high-traffic intersection of Fairmont Parkway and Burke Road, this property enjoys visibility from over 20,000 vehicles daily—offering unbeatable access for both patients and potential tenants.
- SYNERGISTIC TENANT MIX DRIVING SUCCESS: With six well-established healthcare tenants—ranging from pediatrics and OBGYN to pharmacy—this property fosters a collaborative and thriving environment, ensuring a high retention rate and long-term tenant satisfaction.
- THRIVING DEMOGRAPHICS AND STRONG DEMAND: With over 300,000 residents within a 5-mile radius, Pasadena provides a dense, growing population that guarantees a steady stream of patients and customers, offering stability and growth potential for healthcare providers.
- BOOMING HEALTHCARE MARKET WITH UNMATCHED RESILIENCE: As part of Houston’s world-class healthcare ecosystem, this property is perfectly positioned to capitalize on the explosive demand for medical services in the region, known for its high tenant retention and long-term viability.
- TRUSTED, ESTABLISHED OPERATORS: Four of the six tenants have been successfully operating at this location since 2018— proving their commitment and ensuring a stable and reliable income stream.
- POSITIONED IN HOUSTON’S PROSPEROUS MARKET: Located in the 5th most populous metro area in the U.S., Houston offers an investor friendly environment with no state income tax and one of the most resilient economies in the country—making this property a solid, recession-proof investment.
- COMPELLING REGIONAL DEVELOPMENTS ON THE HORIZON: With major projects like the $50M Pasadena Arena & Convention Center expansion and the Orchard Place Subdivision slated for completion in 2025, Pasadena is on the cusp of significant growth, positioning your investment for future appreciation.
Andrew Fagundo, Michael Moreno, and Rahul Chhajed (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225