1022 E Griffin Pky
Mission, TX 78572
Sale/Lease back Medical Office Condo · Office Property For Sale

This property is being sold on a Sale / Lease back basis. The owner, who is also a physician is seeking to sell his real estate and remain a tenant for a period of 3 years. He has agreed to pay __$1.04 PSF____per month in rents and continue to cover all the operating and POA expenses, making the revenue to the buyer a true NOI. The property is a 6,000sf Spanish Hacienda style Medical Office Condominium is strategically located in Mission, Texas 2 miles north of the Five-Star Mission Regional Medical Center. The hospital, now part of the Prime medical group, has a staff of approximately 1,000 and just under 300 beds. More than 300 physicians representing different specialties have staff privileges at the Medical Center. Important to this property is the fact that The University of Texas Rio Grande Valley School of Medicine has been operational since 2016. It is poised to become an Emerging Research university with the recent opening of its new biomedical research building in McAllen in March 2019.