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Medical Asset in Healthcare-Dominated Hub 845 Cypress Creek Pky 20,200 SF Vacant Office Building Online Auction Sale Houston, TX 77090
Investment Highlights
- 845 Cypress Creek Parkway is a 20,200-SF turnkey multi-suite medical center with direct access to Interstate 45 and the Hardy Toll Road.
- Enjoy favorable state tax laws, as Texas is one of seven states that do not impose a state income or investment tax.
- Strategically located between HCA Houston Northwest Hospital and United Memorial Medical Center in the Spring/ Cypress Station medical district.
- Embedded in a health-centric market, the healthcare industry dominates the surrounding 10-mile radius with 8,300 businesses, the most of any industry.
Executive Summary
845 Cypress Creek Parkway is a 20,200-square-foot medical office asset positioned within one of North Houston's most established healthcare nodes. Located adjacent to United Memorial Medical Center and less than 1 mile from HCA Houston Northwest Hospital, the property sits within a healthcare-driven corridor where proximity to major medical institutions supports long-term tenant demand and strong referral synergy. Built in 2005, the multi-suite facility is configured to accommodate a broad range of medical specialties.
Situated along Cypress Creek Parkway with direct access to Interstate 45 and the Hardy Toll Road, the asset benefits from visibility to more than 66,000 vehicles per day. In addition, George Bush Intercontinental Airport is 14 minutes away, granting exceptional access throughout the greater Houston region. Within a 10-mile radius, healthcare is the dominant industry, supported by approximately 8,300 healthcare-related businesses and the second-highest concentration of daytime healthcare employees in the region. The surrounding trade area features average household incomes of $99,974 and more than $10.2 billion in annual consumer spending, reinforcing the area's depth of demand and long-term support for medical office tenancy.
For investors targeting the medical office sector, 845 Cypress Creek Parkway represents a purpose-built healthcare asset backed by institutional medical-adjacency, established demand drivers, and its positioning within one of Houston's largest healthcare markets.
Property tours are by appointment only. Please contact the listing broker to schedule.
Situated along Cypress Creek Parkway with direct access to Interstate 45 and the Hardy Toll Road, the asset benefits from visibility to more than 66,000 vehicles per day. In addition, George Bush Intercontinental Airport is 14 minutes away, granting exceptional access throughout the greater Houston region. Within a 10-mile radius, healthcare is the dominant industry, supported by approximately 8,300 healthcare-related businesses and the second-highest concentration of daytime healthcare employees in the region. The surrounding trade area features average household incomes of $99,974 and more than $10.2 billion in annual consumer spending, reinforcing the area's depth of demand and long-term support for medical office tenancy.
For investors targeting the medical office sector, 845 Cypress Creek Parkway represents a purpose-built healthcare asset backed by institutional medical-adjacency, established demand drivers, and its positioning within one of Houston's largest healthcare markets.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
20,200 SF
Building Class
C
Year Built
2005
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,200 SF
Building FAR
0.21
Lot Size
2.26 AC
Parcel Number
1262990010002
Zoning
None
Parking
120 Spaces (5.94 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
About FM 1960/I-45 North
Cypress Station is located close to parts of Houston that have experienced significant population and employment growth, including Springwoods Village, Cypress, Tomball, and the Lake Houston areas. It is centrally located along Interstate 45 between Beltway 8 and the Grand Parkway, some of Houston’s key arteries. It is also close to Houston’s largest airport, Bush Intercontinental, which recently ranked as the second-best airport in the U.S. at the 2023 Skytrax World Airport Awards.
Job growth has been strong in the area, in part as a result of nearby developments such as Data Foundry’s new data centers; Grocers Supply and Conns HomePlus’ distribution centers; and Pinto Business Park, which is home to Amazon, Coca-Cola, and other large employers. Corporate tenants such as ABS, HPE, and HPI also recently relocated to large new office campuses in Springwoods Village.
Over the past 15 years, more than 80% of the population growth that has occurred in Harris County has been in its unincorporated areas, not far from Cypress Station. And the area’s energy, business services, and healthcare tenants can draw from the labor pool and customer base of residents and commuters who take Interstate 45 to and from work.
Investors are attracted to this area because of its strong economic base and the relative value assets here provide. Pricing is favorable, too, with the average price per square foot still below the Houston region’s average and at a significant discount to neighboring The Woodlands and Kingwood/Humble.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
16,182
120,942
315,641
2020 Population
14,928
114,086
299,270
2030 Population
17,333
129,005
336,353
2025-2030 Projected Population Growth
7.1%
6.7%
6.6%
Daytime Employees
9,703
32,352
89,351
Total Businesses
1,502
4,351
11,684
Average Household Income
$60,272
$85,311
$90,902
Median Household Income
$47,739
$59,864
$69,386
Total Consumer Spending
$134M
$1.2B
$3.2B
Median Age
32.9
33.7
34.6
2025 Households
6,418
43,400
108,103
Percent College Degree or Above
11%
16%
16%
Average Home Value
$261,677
$288,799
$284,826
Sale Advisors
Sale Advisors
Sean Anderson, Senior Associate
Sean joined Partners as an investment sales analyst for the Medical Investment Group in 2020 during his senior year at the University of Texas, earning a degree in Real Estate Finance. He is now a Senior Associate specializing in the sale of Medical Office properties across Texas.
Sean comes from a diverse real estate background, ranging from previous positions in office tenant/landlord representation, industrial development, and student housing. As a native Texan and Austin transplant experiencing the rapid growth throughout the state, Sean possesses a strong network and foundation of local knowledge to help clients navigate the
dynamic and evolving market.
Sean strives for transparency, consistency, reliability, and attention to detail in all aspects of his life, and he prominently exemplifies these values when dealing with clients to deliver exceptional solutions and results.
Sean comes from a diverse real estate background, ranging from previous positions in office tenant/landlord representation, industrial development, and student housing. As a native Texan and Austin transplant experiencing the rapid growth throughout the state, Sean possesses a strong network and foundation of local knowledge to help clients navigate the
dynamic and evolving market.
Sean strives for transparency, consistency, reliability, and attention to detail in all aspects of his life, and he prominently exemplifies these values when dealing with clients to deliver exceptional solutions and results.
Ryan McCullough, Partner & Managing Director
Ryan started his commercial real estate career in 2016 and specializes in medical office. His client-first focus and tenacious work ethic helped him close 150+ transactions for over half a billion in value. Ryan believes the key to his success is focusing on building long-term relationships by truly understanding his clients’ needs and objectives and staying true to what is in their best interest.
As business quickly reached capacity, Ryan co-founded the Medical Investment Group. A team of likeminded individuals who strive to provide the highest quality representation for property owners throughout Texas. As Partners became an independent national brand in 2022, the Medical Investment Group leads the charge for growing a national investment sales team focused on medical office.
Ryan graduated with a degree in Business Technology. His studies were focused on improving businesses through the use of technology and was able to implement some developments in Fortune 500 companies such as Abbott Laboratories. He has a wide array of previous work experience from software coding to pursuing a career in professional golf.
As business quickly reached capacity, Ryan co-founded the Medical Investment Group. A team of likeminded individuals who strive to provide the highest quality representation for property owners throughout Texas. As Partners became an independent national brand in 2022, the Medical Investment Group leads the charge for growing a national investment sales team focused on medical office.
Ryan graduated with a degree in Business Technology. His studies were focused on improving businesses through the use of technology and was able to implement some developments in Fortune 500 companies such as Abbott Laboratories. He has a wide array of previous work experience from software coding to pursuing a career in professional golf.
Connor Watson, Senior Vice President
Connor began his investment broker career at NAI Vegas and has proven to be a valuable asset to his team. Connor graduated with a Bachelor of Science degree from Texas A&M University, and has been applying the same principles he acquired in his coursework to the field of investment sales. Connor believes in delivering high attention to detail to his clientele to ensure positive results time and time again.
About the Auction Technology
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Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Videos
Matterport 3D Exterior
Matterport 3D Tour
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
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Medical Asset in Healthcare-Dominated Hub | 845 Cypress Creek Pky
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