$8,000,000 USD
818-484-1658
1240 Clear Lake City Blvd
Houston, TX 77062
Clear Lake
HIGHLIGHTS
- Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services.
- The facility features two operating rooms, enabling the tenant to perform a wide range of surgical procedures on-site.
- According to ownership, the tenant invested approximately $3.2 million.
- The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space.
- The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location.
OVERVIEW
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
*Andrew Fagundo, Michael Moreno, Tyler Swade and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
FOR SALE DETAILS
PRICE
$8,000,000 USD
PRICE/SF
$506 USD /SF
CAP RATE
6.61%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cardiology ASC | 11.7-Year NNN | 3% Increases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.11 AC
LAND SF
48,352 SF
ZONING
None
APN/PARCEL ID
1168750050043
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818-484-1658
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818-484-1658
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