6429 Fairmont Pky - Office FOR SALE
Pasadena, TX 77505 |
6429 Fairmont Pky
Pasadena, TX 77505
HIGHLIGHTS
- Stable Cash Flow: 100% occupied by two established dental practices with leases through 2030
- Strong Yield: 7.1% cap rate with consistent 2.5% annual rent escalations
- Low Management: Modified NNN structure with tenants covering insurance, CAM, and utilities
- De-Risked Investment: Major capital items recently addressed minimal near-term maintenance risk
- Growing Market: Located in a thriving medical and professional corridor serving southeast Houston
- Attractive Exit Potential: Steady rent growth and strong submarket fundamentals support long-term appreciation and liquidity
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Stabilized Dental Office Investment
PROPERTY TYPE
Office
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
4978
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.42 AC AC
LAND SF
18,295 SF
ZONING
-
APN/PARCEL ID
1199300010001
