19411 McKay Blvd - Medical FOR SALE


Humble, TX 77338- Lake Houston
$3,800,000 USD
847-553-6285
19411 McKay Blvd, Humble, TX for Sale
$3,800,000 USD
Medical - FOR SALE
1/21
null | 8% Cap Rate

19411 McKay Blvd
Humble, TX 77338
Lake Houston


OVERVIEW

Partners Real Estate is pleased to present 19411 McKay Boulevard, a 21,230-square-foot multi-tenant medical office building located in Humble, TX, directly across from Memorial Hermann Northeast Hospital, a 255-bed acute care facility. Situated on 3.46 acres, the property was built in 2003 and features a strong 6:1,000 SF parking ratio, making it ideal for a variety of healthcare providers. Currently 83% occupied, the building offers a compelling value-add opportunity with short-term leases in place, providing immediate potential for lease-up and rent growth. With under-market rents and a low cost basis, future ownership can unlock additional value through strategic leasing and operational improvements. This offering is well-positioned for investors seeking stabilized medical office fundamentals with upside in a thriving healthcare submarket.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.46 AC

LAND SF

150,718 SF

ZONING

commericial

APN/PARCEL ID

1225980010001

ASK ABOUT THIS PROPERTY

Ryan McCulloughPartnersMore Info
847-553-6285

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Ryan McCulloughPartnersMore Info
847-553-6285

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