This Office Property is Off-Market.

1601 Main Street
Richmond, TX 77469 ·

77,885 SF · Office For Sale

N/A

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Oak Bend Professional Building

Price N/A Commission Split 6%
Building Size 77,885 SF Cap Rate 8%
Property Type Office Occupancy 83%
Property Sub-type Office Building Tenancy Multiple
Property Use Type Investment
Listing ID: 15583962 Date Created: 02/26/2008 Last Updated: 04/08/2009

Description

The subject property is a six-story plus basement, pre-cast concrete and steel frame medical office building containing approximately 75,000 square feet constructed in 1975 on the Oak Bend Hospital (previously Polly Ryan) campus in Richmond, Texas. The building had an $800,000 rennovation in 2006 and is 87% occupied with doctors and professional medical. The building is connected to the hospital by a common corridor, and is also connected to the newly completed M. D. Anderson Cancer Treatment Center between the subject property and the hospital. The property is located in Fort Bend County, one of the fastest growing counties in the Country over the last 25 years. The building is being sold on the current in place income at a 7.5% cap at 78% occupancy rate.

The Oak Bend Medical Office Building is located in Richmond, Texas, approximately 8 miles from Sugar Land, Texas and approximately 15 miles from Beltway 8 in Houston, at the corner of Highway 90 and George Ln./Collins Rd.

Research

1601 Main Street, Richmond, TX 77469 (Fort Bend County)

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