McKay Medical Office Building 19411 McKay Blvd 21,169 SF Office Building Humble, TX 77338 $3,700,000 ($174.78/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.

DATA ROOM Click Here to Access

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

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
$174.78
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,056 SF
Slab To Slab
11’
Building FAR
0.20
Lot Size
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
  • 1st Fl-Ste 150
  • 2,222 SF
  • Office/Medical
  • Full Build-Out
  • 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
  • 2,225 SF
  • Office/Medical
  • Full Build-Out
  • 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.

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

PROPERTY TAXES

  • Listing ID: 31778164

  • Date on Market: 5/12/2024

  • Last Updated:

  • Address: 19411 McKay Blvd, Humble, TX 77338