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
