Historical Office Sale Listing - Baytown Primary Medical Tower

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Baytown Primary Medical Tower

2802 Garth Road, Baytown, TX 77521

N/A

46,120 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
46,120 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
8.20%
Occupancy:
100%
Building Class:
B
Tenancy:
Single
Year Built:
1988
Lot Size:
5.32 AC
Listing ID
15028231
Last Updated
over 1 year ago

Highlights

  • Multi-tenant Mid Rise Medical Office
  • 100% Occupied- Long Term Stability
  • 100% Medical Buildout
  • 1 mile South of San Jacinto Methodist Hospital
  • Strong Houston Submarket - 92% Occupied
  • Ideal for Out of State Investor

Description

This is an opportunity for an investor to acquire a stabilized multi-tenant medical office building in a Houston suburb, Baytown, Texas. The property is currently 100 percent occupied with all medical tenants and historically has had high occupancy levels. This is a stabilized asset with yearly CPI increases on its current leases giving an investor the security of a quality property as well as long term growth potential.

The property is ideally located within the Baytown submarket to take advantage of the large residential base surrounding the subject as well as the close proximity to a growing and booming hospital system, San Jacinto Methodist Hospitals. Because of this, the building isn't limited to one type of doctor. It attracts family doctors and dentists for the surrounding residential area as well as the doctors affiliated with Methodist. Methodist themselves are a tenant in the property.

The property is well positioned to maintain its historical stability and will be an ideal asset for any investor looking for a quality asset with minimal risk.

The property is located on Garth Road, one block north of Hwy 146 and three miles south of I-10. It is conveniently located 1.1 miles south of San Jacinto Methodist Hospital, also on Garth Road, and currently has several tenants affiliated with the hospital including Methodist themselves. Ths property sits just off Hwy 146 giving easing access to Hwy 330, the Pasadena area, and convenient access back to I-10. The building is ideally located to cater to the needs of the residents who live and work in the surrounding area.

Map of 2802 Garth Road, Baytown, TX 77521 (Harris County)

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Created 3/4/2007