This Office Property is Off-Market.

2802 Garth Road
Baytown, TX 77521 ·

46,120 SF · Office For Sale

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Baytown Primary Medical Tower

Price N/A Cap Rate 8.20%
Building Size 46,120 SF Occupancy 100%
Property Type Office Building Class B
Property Sub-type Medical Office Tenancy Single
Property Use Type Investment Year Built 1988
Commission Split 1% Lot Size 5.32 AC
Listing ID: 15028231 Date Created: 03/04/2007 Last Updated: 07/17/2008

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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