Central Diagnostic Clinic 864 Central Blvd 42,737 SF 86% Leased Office Building Brownsville, TX 78520 For Sale

Zeustra, LLC (“Zeustra”) is pleased to present this exclusive investment opportunity: 864 Central Boulevard, a ±47,510-square-foot, multi-tenant medical office building strategically located adjacent to Valley Baptist Medical Center, the leading hospital and healthcare provider in Brownsville, Texas. The property features 42,737 square feet of leasable space and 106 surface parking spaces, offering excellent visibility and patient accessibility within the city’s primary medical corridor. Zeustra has been engaged as the exclusive advisor to market the property on behalf of ownership.

Over the past two years, the ownership has invested more than $500,000 in capital improvements, including HVAC replacements, comprehensive suite remodels, and roof upgrades. These enhancements have improved operational efficiency, strengthened tenant retention, and positioned the property for long-term stability with minimal near-term capital exposure.

The asset provides investors with a cash-flowing, hospital-adjacent medical property featuring a diversified tenant base and clear rent growth upside. Recent leases signed in
the last 12 months have averaged $20 per SF, reflecting a 11% premium over prior leases averaging $18 per SF. This spread highlights strong market momentum and the opportunity to further enhance income through continued lease-up of remaining vacancies.

Positioned directly adjacent to Valley Baptist Medical Center and minutes from Downtown Brownsville, the asset benefits from strong demand drivers tied to the area’s expanding healthcare ecosystem, regional population growth, and limited medical office supply. The site’s central location and immediate proximity to the hospital provide tenants and patients with unmatched accessibility and visibility.

Further enhancing the market’s strength, Brownsville is experiencing transformational regional investment, including major industrial and infrastructure projects such as the Rio Grande LNG development at the Port of Brownsville and the continued expansion of SpaceX’s Starbase operations. These projects are fueling population and employment growth, driving long-term demand for medical, housing, and professional services throughout the region.

Investors are presented with the opportunity to acquire a well-located, hospital-adjacent medical office property offering in-place income, tangible rent growth potential, and an attractive basis relative to replacement cost. This offering is ideally suited for private investors, 1031 exchange buyers, and healthcare-focused funds seeking a core-plus medical office investment with long-term appreciation potential in a supply-constrained South Texas submarket.