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4002 Burke Rd
Pasadena, TX 77504
Office Property For Sale
Investment Highlights
- 92% 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, 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.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
25,444 SF
Building Class
B
Year Built
1984
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,444 SF
Building FAR
0.15
Lot Size
3.77 AC
Property Taxes
| Parcel Number | 0461650000075 | Improvements Assessment | $678,835 |
| Land Assessment | $820,235 | Total Assessment | $1,499,070 |
Property Taxes
Parcel Number
0461650000075
Land Assessment
$820,235
Improvements Assessment
$678,835
Total Assessment
$1,499,070
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