203 N College Ave - Medical FOR SALE


Cleveland, TX 77327
$2,895,000 USD
281-798-7741
203 N College Ave, Cleveland, TX for Sale
$2,895,000 USD
Medical - FOR SALE
1/41
null | Request Cap Rate

NEW


203 N College Ave
Cleveland, TX 77327


OVERVIEW

We are pleased to present CPC Medical Plaza, a fully leased multi-tenant medical office investment located in Cleveland, Texas within the Houston metropolitan growth corridor. The property consists of approximately 19,110 square feet and is 100% occupied by a diversified mix of healthcare tenants, including a long-term pediatric anchor tenant with lease stability through 2041. The asset generates approximately $247,200 in annual income and is offered at $2,895,000, equating to approximately $151 per square foot. This pricing represents a discount to comparable medical office transactions across the Houston MSA, which are typically trading between $160 and $180 per square foot. The tenant mix includes pediatrics, cardiology, imaging, behavioral health, and general medical services, creating a stable and synergistic healthcare environment with strong long-term demand fundamentals. This offering presents an attractive opportunity for investors seeking a stabilized healthcare asset with immediate income, long-term tenancy, and the potential for rental upside through lease renewals and repositioning..

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,501 SF

ZONING

C

APN/PARCEL ID

003240-000016-004

ASK ABOUT THIS PROPERTY

Rhonda HicksRE/MAX PREMIERMore Info
281-798-7741

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Rhonda HicksRE/MAX PREMIERMore Info
281-798-7741

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