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320 Branard St

4,386 SF Office Building Houston, TX 77006 $2,142,857 ($489/SF) 7% Cap Rate

Investment Highlights

  • 100% occupied
  • Lease Type: NNN (zero Landlord responsibilities).

Executive Summary

4,386 SF building that is 100% occupied by The Center for the Healing Arts & Sciences (thecenterforhas.com).
Core Houston location in highly sought after Montrose area.
Lease Type: NNN (zero Landlord responsibilities).
Tenant generating strong revenue with an established and growing medical practice offering multiple patient services.
Located in close proximity to Spur 527 and Southwest Freeway, minutes from the Ion District, Midtown, Downtown, the Museum District, and Texas Medical Center.
Continued population growth in this inner loop area of Houston, with multiple new upscale multifamily development projects within ½ mile of Property.
Average household income of $118K within 1-mile radius and $124K within 3-mile radius.
High occupancy in the area and lack of comparable available product creates investor security.
Lease term of approximately 8.5 years remaining
NOI = $150,000
Rent bumps 10% effective 6/1/28 and during renewal option period.

Attachments

320 Branard OM.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,386 SF
Building Class
B
Year Built/Renovated
1938/2010
Price
$2,142,857
Price Per SF
$489
Cap Rate
7%
NOI
$150,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,193 SF
Building FAR
0.46
Land Acres
0.22 AC
Zoning
None - N/A
Parking
9 Spaces (2.05 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Air Conditioning
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34101440

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 320 Branard St, Houston, TX 77006

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