4002 Burke Rd
Pasadena, TX 77504
Southeast Houston
HIGHLIGHTS
- 92% occupied medical office building with 25,444 SF and 6 healthcare tenants.
- Fresh 10-year NNN leases with 2.5% annual rent increases and ±7.3 years WALT.
- Prime Pasadena location at high-traffic intersection with 20,000+ VPD exposure.
- Immediate value-add by leasing remaining 8% of space for increased returns.
- Strong tenant mix including pediatrics, pharmacy, and dental services.
- Offered at $6,678,123 with an 8.05% cap rate and $537,663 NOI for stable cash flow.
FOR SALE DETAILS
PRICE
$6,678,123 USD
PRICE/SF
$289 USD /SF
CAP RATE
8.05%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.77 AC
LAND SF
164,221 SF
ZONING
-
APN/PARCEL ID
0461650000075
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
949-432-4517
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
949-432-4517
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
