3515 Rayford Rd
Spring, TX 77386
Harmony Medical Plaza · Office Property For Sale

Harmony Medical Plaza (the “Property”) is a single-story, 15,917-square foot medical office building that is 100% leased by two tenants: CHI St. Luke’s Health Emergency Center (56%) and Texas Children’s Pediatrics (44%). Both Tenant’s leases are triple net with a weighted average remaining lease term of approximately nine years, providing income stability and limiting expense exposure. CHI St. Luke’s Health is a part of Catholic Health Initiatives (CHI), one of the nation’s largest health systems, which has an investment grade credit rating of Baa1 by Moody’s Investors Service. Texas Children’s Pediatrics is a subsidiary of Texas Children’s Hospital (Moody’s ‘Aa2’) with over 50 locations throughout the greater Houston area. Built in 2015, the Property features a modern design with a covered drive through entryway and an exterior façade that combines brick, masonry stone, concrete tiles and large sections of oversized roof height windows. The 2.01-acre site offers 77 surface parking spaces including four handicap spaces for a total parking ratio of 4.8 spaces per 1,000 square feet. The Property is also strategically located at the entrance to Harmony, a 1,000-acre master planned residential community of over 2,500 homes featuring two on-site pools and recreation center complexes and 17.7-acres designated for commercial use.