Partners is pleased to present the Blythewood Medical Building, a ±16,500 square foot masonry medical office property situated on ±2.77 acres in Houston’s South Office submarket. Built in 2005, the asset offers a compelling value-add opportunity within a well established medical corridor. At closing, the property will deliver 100% economic occupancy through a 12-month seller master lease on the vacant 5,121-square-foot suite, providing stable and predictable cash flow during the initial year of ownership.
The property is strategically located minutes from the Texas Medical Center, University of Houston, Downtown Houston, Loop 610, I-45, and Highway 288, offering excellent accessibility and strong long term healthcare demand fundamentals. Monument signage along Old Spanish Trail further enhances visibility in this infill location.
With 69% physical occupancy and in-place rents below market comparables, the asset presents a clear path to revenue growth through lease-up and rent normalization. The building is particularly well suited for a medical owner/user seeking to occupy the available suite while benefiting from income generated by existing tenants.
Offered at a 7.75% cap rate, Blythewood Medical Building represents a below-replacement-cost acquisition combining initial income stability, operational flexibility, and long-term value creation within one of Houston’s most resilient healthcare submarkets.