For Sale

MOB | Pasadena, TX

Asking Price: $2,680,000 | Cap Rate: 7%

  • Net Operating Income: $187,491
  • Weighted Avg. Lease Term (WALT): 5.85 Years
  • Lease Type: Net

Property Highlights

  • 100% leased multi-tenant medical office: anchored by HCA Healthcare (BB+)
  • Neighboring medical and retail tenants include: Texas Children’s Pediatrics, St. Luke’s Health, Bayside Medical Center, Whataburger, McDonald’s, Subway, Planet Fitness, Dollar Tree and more
  • HCA acquired the existing practice 2 months ago showing an immediate need for additional services in this market
  • Strong demographics; Population of over 297,732 with an average household income of $77,100 within 5 miles of the site