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Value-Add / Owner-Occupy | 15.9% Proforma CAP 8333 9th Ave 25,077 SF 100% Leased Office Building Port Arthur, TX 77642 $2,950,000 ($117.64/SF)
Investment Highlights
- High-Yield Value-Add Potential: Projected stabilized pro forma CAP rate of 15.9%, driven by immediate upside potential.
- Established Anchor Tenant: 49% leased to Baptist Hospital Cancer Center, providing stable, long-term cash flow.
- Additional Development Potential: Includes 1.95 acres of undeveloped land for future expansion or ground-up development.
- Flexible Investment Opportunity: Up to 51% vacant space available, offering an ideal setup for an owner-occupant or aggressive lease-up strategy.
- Prime Medical Corridor: Exceptional visibility and strategic proximity to the 204-bed Medical Center of Southeast Texas and surrounding healthcare pro
- Quality Construction: 2006-built, modern medical facility with excellent curb appeal and access.
Executive Summary
The property sits prominently on a high-density medical corridor alongside major healthcare providers, including The Medical Center of Southeast Texas, CHRISTUS St. Mary Outpatient Center, CenterWell Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center.
Currently 49% occupied, the plaza presents a compelling value-add opportunity with a stabilized pro forma CAP rate of 15.9% in a submarket with an 8.9% vacancy rate. The facility’s primary anchor, Baptist Hospital Cancer Center, recently extended its lease through 2028, with one remaining three-year renewal option.
Ideal for an investor seeking significant upside or a healthcare provider targeting a 51% owner-user footprint, 9th Avenue Medical Plaza delivers a modern, high-potential medical asset in a major Gulf Coast industrial hub.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Health Care and Social Assistance
- -
- -
- -
- -
For over seventy years, Baptist Hospitals of Southeast Texas has been dedicated to providing quality health services in a Christian environment. Ther efforts continue each day as they strive to offer newer and better programs, services and technologies for the members of our community.
Medical doctor practicing in pediatric medicine in Port Arthur, TX since 1986.
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- Health Care and Social Assistance
- -
- $26.40
- Full Service
- May 2022
Good health is your greatest wealth. Ensure yours is taken care of by visiting Standard Medical Clinic. With over 30 years of combined experience, their providers offer care you can trust and the personalized attention you deserve! They are a member of the Orange County Chamber of Commerce.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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|
Health Care and Social Assistance | - | - | - | - | |
| Nancy Ngo, MD, PA | Health Care and Social Assistance | - | $26.40 | Modified Gross | May 2022 | |
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Health Care and Social Assistance | - | $26.40 | Full Service | May 2022 |
Property Taxes
| Parcel Number | 049400-000-041579-00100 | Improvements Assessment | $5,093,668 |
| Land Assessment | $677,265 | Total Assessment | $5,770,933 |
Property Taxes
Contact the Sale Advisor
Value-Add / Owner-Occupy | 15.9% Proforma CAP | 8333 9th Ave