4040 Medical Park Dr - Medical FOR SALE
Odessa, TX 79765 |
$4,650,000 USD
858-334-4041
4040 Medical Park Dr
Odessa, TX 79765
HIGHLIGHTS
- Stable Cash Flow: Year 1 NOI of $301,358 with unlimited CPI escalations (2.00% floor).
- Long-Term Tenancy: Original owner/occupant since 2016 with over 5 years remaining on current lease term
- NNN Lease Structure: Minimal landlord responsibilities and predictable income.
- Healthcare Demand Drivers: Regional medical gravity, strong demographics, and growing outpatient care trends.
OVERVIEW
Cushman & Wakefield’s Healthcare Capital Markets Team is pleased to present 4040 Medical Park Drive, a premier medical office investment opportunity in Odessa, Texas. This 9,305 SF outpatient facility is 100% leased to Pinnacle Dermatology, part of the QualDerm Partners family of practices with over 150 locations nationwide. Pinnacle’s triple-net lease runs through September 2031 with unlimited CPI annual escalations supported by a 2.00% floor.
FOR SALE DETAILS
PRICE
$4,650,000 USD
PRICE/SF
$500 USD /SF
CAP RATE
6.48%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pinnacle Dermatology
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
R000210-086
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-334-4041
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
858-334-4041
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
