McKay Medical Office Building | 19411 McKay Blvd
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McKay Medical Office Building 19411 McKay Blvd
21,169 SF Office Building Humble, TX 77338 $3,700,000 ($175/SF)
Investment Highlights
- Excellent Location on Primary Medical Thoroughfare of Humble/Kingwood: Across from Memorial Hermann Northeast
- Excellent Owner/User Opportunity: 8,739 Square Feet of Leasable Area is Available for Immediate Occupancy
- Quality Well-Maintained Masonry Construction
- Below-Replacement Cost: $175 per Square Foot
- Remaining Space is Available in 2026 or 2031 Depending on Renewal Option Outcomes
Executive Summary
• Excellent Location on Primary Medical Thoroughfare of Humble/Kingwood: Across from Memorial Hermann Northeast
• Below-Replacement Cost: $175 per Square Foot
• Excellent Owner/User Opportunity: 8,739 Square Feet of Leasable Area is Available for Immediate Occupancy | Remaining Space is Available in 2026 or 2031 Depending on Renewal Option Outcomes
• Quality Well-Maintained Masonry Construction
• Owner User Occupancy Overview: Currently, the property has 2,225 square feet of vacancies. Despite this, a buyer may occupy up to 8,739 square feet. Seller occupies Suite 100, which is 3,465 square feet. Seller can vacate this unit with a few months of closing to allow a buyer to utilize this space. In addition, Landlord can remove the tenant from Suite 250 (3,049 square feet) because the lease allows for landlord to take control of the space after a 30 day notice to the tenant. The possible occupancy combinations on the first floor are: 2,225 square feet (Suite 150A), 3,465 square feet (Suite 100), or both units, totaling 5,690 square feet on the first floor. On the second floor, landlord can terminate the lease with the tenant in Suite 250, so that a buyer can occupy 3,049 square feet on this floor. Third third floor is fully occupied through March 31, 2026 with a tenant’s renewal option through March 31, 2031.
• Below-Replacement Cost: $175 per Square Foot
• Excellent Owner/User Opportunity: 8,739 Square Feet of Leasable Area is Available for Immediate Occupancy | Remaining Space is Available in 2026 or 2031 Depending on Renewal Option Outcomes
• Quality Well-Maintained Masonry Construction
• Owner User Occupancy Overview: Currently, the property has 2,225 square feet of vacancies. Despite this, a buyer may occupy up to 8,739 square feet. Seller occupies Suite 100, which is 3,465 square feet. Seller can vacate this unit with a few months of closing to allow a buyer to utilize this space. In addition, Landlord can remove the tenant from Suite 250 (3,049 square feet) because the lease allows for landlord to take control of the space after a 30 day notice to the tenant. The possible occupancy combinations on the first floor are: 2,225 square feet (Suite 150A), 3,465 square feet (Suite 100), or both units, totaling 5,690 square feet on the first floor. On the second floor, landlord can terminate the lease with the tenant in Suite 250, so that a buyer can occupy 3,049 square feet on this floor. Third third floor is fully occupied through March 31, 2026 with a tenant’s renewal option through March 31, 2031.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
21,169 SF
Building Class
B
Year Built
2003
Price
$3,700,000
Price Per SF
$175
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,056 SF
Slab To Slab
11’
Building FAR
0.20
Land Acres
2.46 AC
Zoning
commericial - commercial
Close IAH Airport and next to Memorial Herman Hospital. Deerbrook Mall is less 1/1 a mile. Prime location for Business. Class Building
Parking
90 Spaces (4.25 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Shared office with another Dr. space fully built out Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.
Shared office space fully built Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 150 | 2,222 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 2,225 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 150
| Size |
| 2,222 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 2,225 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 150
| Size | 2,222 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Shared office with another Dr. space fully built out Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.
2nd Fl-Ste 250
| Size | 2,225 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Shared office space fully built Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.
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PROPERTY TAXES
| Parcel Number | 1225980010001 | Improvements Assessment | $2,701,816 |
| Land Assessment | $750,106 | Total Assessment | $3,451,922 |
PROPERTY TAXES
Parcel Number
1225980010001
Land Assessment
$750,106
Improvements Assessment
$2,701,816
Total Assessment
$3,451,922
-
Alex Wolansky, CCIM -
Gus Lagos -
Marcus & Millichap
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McKay Medical Office Building | 19411 McKay Blvd
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