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Conroe Medical Plaza 603 S Conroe Medical Dr 22,363 SF 93% Leased Office Building Conroe, TX 77304 $7,240,000 ($323.75/SF) 6.10% Cap Rate
Investment Highlights
- Convenient access to Interstate 45 via South Loop 336
- Attractive demographics and payor mix
- All tenants have sizable annual rent increases
- Across Loop 336 from the 2,000-acre Grand Central Park master-planned development, featuring planned residential, retail, and commercial amenities
- All tenants are NNN
Executive Summary
OLDHAM GOODWIN is pleased to present Conroe Medical Plaza, a Class A medical office building built in 2022, for sale in Conroe, Texas. Located in the Houston MSA adjacent to the Conroe Regional Medical Center, Conroe Medical Plaza is 89% occupied with strong medical tenants under NNN leases with annual rent increases. The property offers consistent cash flow, long-term leases, and opportunities to increase NOI in a high-growth healthcare market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,363 SF
Building Class
A
Year Built
2022
Price
$7,240,000
Price Per SF
$323.75
Cap Rate
6.10%
NOI
$441,718
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,363 SF
Building FAR
0.13
Lot Size
3.81 AC
Zoning
NA
Parking
100 Spaces (4.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Shell Space can be reduced down to 1,500 SF which can be designed to fit space requirements. All Tenant spaces will have direct access to the exterior and parking.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 160 | 1,500 SF | Office/Medical | Shell Space | Now |
1st Fl-Ste 160
| Size |
| 1,500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 160
| Size | 1,500 SF |
| Space Use | Office/Medical |
| Condition | Shell Space |
| Available | Now |
Shell Space can be reduced down to 1,500 SF which can be designed to fit space requirements. All Tenant spaces will have direct access to the exterior and parking.
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Property Taxes
| Parcel Number | 8863-00-00101 | Improvements Assessment | $0 |
| Land Assessment | $1,820,078 | Total Assessment | $1,820,078 |
Property Taxes
Parcel Number
8863-00-00101
Land Assessment
$1,820,078
Improvements Assessment
$0
Total Assessment
$1,820,078
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Presented by
Conroe Medical Plaza | 603 S Conroe Medical Dr
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