732-856-4349
17215 Red Oak Dr, Houston, TX for Sale
Medical - FOR SALE
1/14
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17215 Red Oak Dr
Houston, TX 77090


HIGHLIGHTS

  • Long-Term Medical Anchor – Foot and Ankle Centers of North Houston occupies approximately 45% of the building and recently extended through April 2035
  • Immediate Value-Add Upside – 3,931 SF of vacant medical office space provides a clear path to increase occupancy, revenue, and NOI.
  • Strong In-Place Cash Flow – The property is 76.9% occupied and generates approximately $168,358 in annual NOI.
  • Hospital-Adjacent Location – Situated near HCA Houston Healthcare Northwest, a 423-bed acute-care hospital.
  • 7.02-Year WALT – Provides meaningful lease term and limited near-term rollover exposure.
  • High-Growth Houston Market – Harris County has surpassed 5 million residents, supported by strong population growth and healthcare demand.

OVERVIEW

Zeustra is pleased to present the exclusive opportunity to acquire 17215 Red Oak Drive, a 16,983-square-foot multi-tenant medical office building strategically positioned within North Houston’s established Red Oak Drive healthcare corridor. The property is 76.9% occupied and generates approximately $168,358 in annual NOI, providing investors with stable in-place medical income alongside a clear value-add opportunity through the lease-up of 3,931 square feet of available medical office space. The property is anchored by Foot and Ankle Centers of North Houston, an established nine-physician specialty practice serving the Houston market since 1974. The practice occupies approximately 45% of the building and recently extended its lease through April 2035, providing significant long-term income stability and limited near-term rollover exposure. Located immediately adjacent to the HCA Houston Healthcare Northwest medical campus, the property benefits from an established healthcare ecosystem, strong surrounding demographics and convenient access to Interstate 45 and Cypress Creek Parkway. With durable medical tenancy, a long-term anchor commitment and immediate lease-up potential, 17215 Red Oak Drive offers investors the ability to acquire stable healthcare real estate with a defined path to NOI growth in one of the nation’s largest and fastest-growing metropolitan markets.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17215 Red Oak Professional

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

None

APN/PARCEL ID

0421850000307,0421850000343

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.