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THE CENTER FOR HEALING ARTS & SCIENCES 320 Branard St 4,386 SF Office Building Houston, TX 77006 $2,068,966 ($471.72/SF) 7.25% Cap Rate
Investment Highlights
- Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 10% Rental Increase in Year 6 and in Option.
- Located in a High Traffic Inner Loop Corridor with Immediate Access to Westheimer Road and Shepherd Drive.
- Located within Close Proximity to University of Houston and Rice University Providing Access to a Large Student and Faculty Population Base.
- 100% Occupied by the Center for the Healing Arts and Sciences, an Established and Expanding Integrative Medical Practice.
- Strategically Positioned Near Texas Medical Center, the Largest Medical Complex in the World, Driving Consistent Demand from Healthcare Professionals.
- Prime Inner Loop Location within Houston’s Highly Sought After Montrose Submarket Offering Direct Access to Dense Population & Affluent Demographics.
Executive Summary
The Center for Healing Arts & Sciences | Absolute Net Ground Lease | 100% Occupied by The Center for the Healing Arts & Sciences, an Established & Expanding Integrative Medical Practice | Core Montrose Location in Houston’s Inner Loop – One of the City’s Most Desirable Submarkets | Excellent Access to Spur 527, Southwest Fwy, and Key Employment Hubs including Downtown, Midtown, and the Texas Medical Center | Dense Houston Infill & Affluent Area: 532k+ People and $132k+ within 5 Miles
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,386 SF
Building Class
A
Year Built/Renovated
1938/2023
Price
$2,068,966
Price Per SF
$471.72
Cap Rate
7.25%
NOI
$150,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,193 SF
Building FAR
0.48
Lot Size
0.21 AC
Zoning
None - N/A
Parking
9 Spaces (2.05 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Center for Healing Arts & Sciences
- Retailer
- 4,386 SF
- -
- Triple Net
- May 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Center for Healing Arts & Sciences | Retailer | 4,386 SF | - | Triple Net | May 2033 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0082610000014 | Improvements Assessment | $561,408 |
| Land Assessment | $796,875 | Total Assessment | $1,358,283 |
Property Taxes
Parcel Number
0082610000014
Land Assessment
$796,875
Improvements Assessment
$561,408
Total Assessment
$1,358,283
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THE CENTER FOR HEALING ARTS & SCIENCES | 320 Branard St
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