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4002 Burke Rd 25,444 SF 100% Leased Office Building Pasadena, TX 77504 $6,678,123 ($262.46/SF) 8.05% Cap Rate



Investment Highlights
- 100% occupied medical office building with 25,444 SF and 6 healthcare tenants.
- Prime Pasadena location at high-traffic intersection with 20,000+ VPD exposure.
- Strong tenant mix including pediatrics, OBGYN, pharmacy, and dental services.
- Fresh 10-year NNN leases with 2.5% annual rent increases and ±7.3 years WALT.
- Immediate value-add by leasing remaining 8% of space for increased returns.
- Offered at $6,678,123 with an 8.05% cap rate and $537,663 NOI for stable cash flow.
Executive Summary
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Fairmont Pediatrics is a privately held pediatric healthcare provider serving families in Pasadena and La Porte, Texas. Established in 1995, the practice focuses on comprehensive medical care for infants, children, adolescents, and teens, offering preventive services, diagnosis, and treatment of acute and chronic conditions. The clinic provides routine checkups, vaccinations, and specialized care for conditions such as asthma, allergies, and diabetes. Fairmont Pediatrics also offers rapid testing for common illnesses and supports telemedicine for convenient access to care. Led by experienced pediatricians, the practice is committed to promoting health and wellness throughout childhood.
Gagan Pharmacy is a community retail pharmacy located in Pasadena, Texas. Established in 2019, the pharmacy provides prescription dispensing, medication therapy management, and patient counseling services in compliance with state and federal regulations. It is privately held and serves the local population with a focus on pharmaceutical care, including vaccinations and health screenings.
NAG Clinics is a privately held healthcare provider offering family medicine, pediatrics, and urgent care services in Texas. Established in 2017, the organization operates as part of the Roots Health network, which emphasizes integrated care across multiple locations. NAG Clinics provides a range of services including same-day appointments, chronic disease management, vaccinations, and telemedicine options. The clinics have achieved recognition for patient-centered care models and maintain extended hours to improve accessibility. The company focuses on evidence-based practices and collaborates with schools and community programs to promote wellness.
Roots Health is a privately held healthcare management company headquartered in Pasadena, Texas. Founded in 2019, the organization focuses on acquiring and managing primary care practices to improve operational efficiency and patient access. Its services include administrative support, financial investment, and technology integration for independent physicians, allowing them to reduce administrative burdens while maintaining clinical autonomy.
Victory Smiles is a privately held dental practice founded in 2013, offering a wide range of dental services across multiple locations in Texas. The company provides preventative, restorative, and cosmetic treatments, including orthodontics, dental implants, and pediatric care. Victory Smiles emphasizes advanced dental technology and multi-specialty care under one roof. With offices in Houston, Pasadena, The Woodlands, and Huntsville, the organization serves diverse communities in the Greater Houston area.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Health Care and Social Assistance | - | - | - | ||
| Gagan Pharmancy | Retailer | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 0461650000075 | Improvements Assessment | $678,835 |
| Land Assessment | $820,235 | Total Assessment | $1,499,070 |
Property Taxes
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4002 Burke Rd
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