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11721 Fuqua St
Houston, TX 77034
Office Property For Sale
Investment Highlights
- South Belt Medical Clinic has operated at this location since 2008, with founding physicians deeply embedded in the surrounding community.
- The NNN lease delivers strong in-place annual base rent with 3% annual escalations and two 5-year renewal options
- The offering provides a compelling entry basis for a stabilized medical asset in the Houston MSA.
- Both physicians serve as Medical Directors at area hospitals and rehabilitation facilities, driving consistent referrals and anchoring the practice.
- The South Belt/Ellington submarket serves nearly 100,000 residents with a median age of 34.
Executive Summary
Partners is pleased to offer for sale 11721 Fuqua Street — a 10,268-square-foot, two-story medical office building in Southeast Houston, offered as a sale leaseback with South Belt Medical Clinic, the founding and only tenant since 2008. South Belt occupies the 7,066-SF ground floor on a new 5-year NNN lease reimbursing 100% of property expenses. The upstairs 3,202 SF is in shell condition and available for an owner/user or new tenant — supplying immediate upside on a fully stabilized in-place return.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,268 SF
Building Class
B
Year Built
2008
Price
$2,300,000
Price Per SF
$224.00
Cap Rate
7.01%
NOI
$161,184
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,134 SF
Slab To Slab
12’
Building FAR
0.23
Lot Size
1.01 AC
Parking
39 Spaces (3.8 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1020050000004 | Improvements Assessment | $1,983,442 |
| Land Assessment | $220,065 | Total Assessment | $2,203,507 |
Property Taxes
Parcel Number
1020050000004
Land Assessment
$220,065
Improvements Assessment
$1,983,442
Total Assessment
$2,203,507
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