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Towers & Terrace Medical Buildings 2 Office Properties Online Auction Sale Nacogdoches, TX
Matterport 3D Tours
Investment Highlights
- 64.8% combined occupied with 1.4 years of combined WALT, with 53.3% credit-tenancy (82.3% of occupied RSF)
- Situated on the campus of Nacogdoches Medical Center, a 140-bed short-term acute care hospital operated by Tenet Healthcare (NYSE: THC)
- Tenet Healthcare (S&P: BB-) occupies 39.4% of total RSF and 60.7% of occupied RSF via its affiliated physician groups
- ˜$138,624 in combined Year 1 NOI with no additional leasing
- ˜$265,000 in capital investment over the past 5 years, including a new roof at the Terrace building in 2022
- US Oncology Network, a leading national oncology provider and a subsidiary of McKesson Corporation (NYSE: MCK; S&P: BBB+), occupies 13.9% of total RSF
Executive Summary
Blueprint is pleased to present the exclusive offering of Towers Medical Building and Terrace Medical Building, two adjacent, multi-tenant medical outpatient buildings totaling 27,320 rentable square feet (RSF), located in Nacogdoches, Texas.
Situated on the campus of Nacogdoches Medical Center, a 140-bed short-term acute care hospital operated by Tenet Healthcare (NYSE: THC), the properties have 53.3% credit-tenancy (82.3% of occupied RSF), including:
- Tenet Healthcare (S&P: BB-), which occupies 39.4% of total RSF and 60.7% of occupied RSF via its affiliated physician groups; and
- US Oncology Network, a leading national oncology provider and a subsidiary of McKesson Corporation (NYSE: MCK; S&P: BBB+), occupies 13.9% of total RSF and 21.5% of occupied RSF.
Currently 64.8% combined occupied with 1.4 years of combined WALT, the properties are projected to generate ˜$138,624 in combined Year 1 NOI with no additional leasing. The properties have also been well-maintained by current ownership with ˜$265,000 in capital investment over the past 5 years, including a new roof at the Terrace building in 2022.
Further, Tenet is in midst of consolidating Nacogdoches Medical Center with Nacogdoches Memorial Hospital, a 226-bed hospital ˜3 miles south, currently targeted for mid-2026 closing. In forming a unified operation, Tenet will be able to deploy its resources across the Nacogdoches market, absorbing Nacogdoches Memorial Hospital’s market share and offering patients additional points of care at the Nacogdoches Medical Center campus.
Accordingly, with in-place cash flow, substantial tenancy from the adjacent hospital, and a revitalized, efficient local healthcare market, the buildings are well-positioned for an incoming investor to seize upon Tenet’s investment in the market and accomplish lease-up of ˜6,500 RSF of vacancy at the Towers building, realizing attractive returns upon achieving ˜85% combined occupancy.
Property tours are by appointment only. Please contact the listing broker to schedule.
Situated on the campus of Nacogdoches Medical Center, a 140-bed short-term acute care hospital operated by Tenet Healthcare (NYSE: THC), the properties have 53.3% credit-tenancy (82.3% of occupied RSF), including:
- Tenet Healthcare (S&P: BB-), which occupies 39.4% of total RSF and 60.7% of occupied RSF via its affiliated physician groups; and
- US Oncology Network, a leading national oncology provider and a subsidiary of McKesson Corporation (NYSE: MCK; S&P: BBB+), occupies 13.9% of total RSF and 21.5% of occupied RSF.
Currently 64.8% combined occupied with 1.4 years of combined WALT, the properties are projected to generate ˜$138,624 in combined Year 1 NOI with no additional leasing. The properties have also been well-maintained by current ownership with ˜$265,000 in capital investment over the past 5 years, including a new roof at the Terrace building in 2022.
Further, Tenet is in midst of consolidating Nacogdoches Medical Center with Nacogdoches Memorial Hospital, a 226-bed hospital ˜3 miles south, currently targeted for mid-2026 closing. In forming a unified operation, Tenet will be able to deploy its resources across the Nacogdoches market, absorbing Nacogdoches Memorial Hospital’s market share and offering patients additional points of care at the Nacogdoches Medical Center campus.
Accordingly, with in-place cash flow, substantial tenancy from the adjacent hospital, and a revitalized, efficient local healthcare market, the buildings are well-positioned for an incoming investor to seize upon Tenet’s investment in the market and accomplish lease-up of ˜6,500 RSF of vacancy at the Towers building, realizing attractive returns upon achieving ˜85% combined occupancy.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Leasehold | Total Building Size | 26,793 SF |
| Sale Type | Investment | Total Land Area | 0.72 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Leasehold |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 26,793 SF |
| Total Land Area | 0.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Towers Medical Building
4848 NE Stallings Dr, Nacogdoches, TX 75965 |
Office | 19,994 SF | 1981 |
|
Terrace Medical Building
4800 NE Stallings Dr, Nacogdoches, TX 75965 |
Office | 6,799 SF | 1978 |
Sale Advisors
Sale Advisors
Brett Levin, Director
Brett Levin joined Blueprint in 2017 and currently leads Blueprint’s Medical Properties team, providing real estate and business solutions for investors and providers throughout the healthcare real estate industry. Prior to advisory, Brett was a Senior Director on Blueprint’s industry-leading analytics team, helping position large and complex offerings across the seniors housing, skilled nursing, and medical property sectors. Brett also served as Blueprint’s General Counsel from 2022–2024, having spent the first 10 years of his career as a practicing litigation attorney, defending complex, multi-party personal injury lawsuits, as well as contract litigation for construction industry clients.
Matt Jos, Director - Investment Sales and Advisory
Matt Jos joined Blueprint’s Medical Properties team in 2022. He brings significant experience in healthcare real estate and transaction management to the group, including over 5 years spent with Capital One’s Healthcare Real Estate Financing group as Assistant Vice President for Underwriting and Portfolio Management. He utilizes his developed network within the industry and proven expertise to deliver for Blueprint’s clients and the Medical Properties group. Matt graduated with honors from the University of Illinois at Urbana-Champaign with a Bachelor of Science in Finance.
Richard Howell, Director
Richard Howell joined Blueprint’s Medical Properties Team in 2024 as a Senior Associate. In this role, he applies his extensive market expertise and broad network of healthcare real estate buyers to deliver innovative client solutions and identify new medical outpatient opportunities throughout the Southeast.
Before joining Blueprint, Richard worked in commercial real estate development at Cushman & Wakefield and C.A. Howell & Company, and has extensive experience in healthcare, retail, industrial, and charter school projects across the Southeast.
Based in Nashville, TN, Richard serves on the board of STARS Nashville, a nonprofit organization dedicated to providing mental health and recovery services to public schools in the Southeast. He earned a Bachelor of Arts from Sewanee: The University of the South.
Before joining Blueprint, Richard worked in commercial real estate development at Cushman & Wakefield and C.A. Howell & Company, and has extensive experience in healthcare, retail, industrial, and charter school projects across the Southeast.
Based in Nashville, TN, Richard serves on the board of STARS Nashville, a nonprofit organization dedicated to providing mental health and recovery services to public schools in the Southeast. He earned a Bachelor of Arts from Sewanee: The University of the South.
Giancarlo Riso, Managing Director
Giancarlo is a Managing Director with Blueprint Healthcare Real Estate Advisors. Giancarlo specializes in the valuation, acquisition and disposition of seniors housing properties in the Western United States. Giancarlo works with his clients to devise creative solutions in order to meet their unique investment goals and objectives.
Prior to Blueprint, Giancarlo graduated from the Kelley School of Business at Indiana University where he majored in Finance - Real Estate, and Entrepreneurship. Giancarlo was very involved with the IU Real Estate Club, serving as Marketing Director and participating in numerous real estate case competitions.
Prior to Blueprint, Giancarlo graduated from the Kelley School of Business at Indiana University where he majored in Finance - Real Estate, and Entrepreneurship. Giancarlo was very involved with the IU Real Estate Club, serving as Marketing Director and participating in numerous real estate case competitions.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
Contacts
-
Brett Levin -
Matt Jos -
Richard Howell -
Giancarlo Riso -
Blueprint Healthcare Real Estate Advisors, LLC
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Towers & Terrace Medical Buildings
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