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455 Park Grove Ln
Katy, TX 77450
Oceans Behavioral Hospital · Health Care Property For Sale
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48 Beds
PROPERTY FACTS
| Property Type | Health Care | Building Size | 34,296 SF |
| Property Subtype | Hospital | No. Beds | 48 |
| Building Class | B | No. Stories | 1 |
| Lot Size | 4.61 AC | Year Built | 2015 |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 4.61 AC |
| Building Size | 34,296 SF |
| No. Beds | 48 |
| No. Stories | 1 |
| Year Built | 2015 |
ABOUT 455 PARK GROVE LN , KATY, TX 77450
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors a 100% fee-simple interest in the Oceans Behavioral Hospital, a Single-Tenant Specialty Hospital located at 455 Park Grove Drive in Katy, TX (the “Property”). The offering is comprised of an approximately 4.60 acre plot, along with the fee-simple ownership rights to a 34,296 square foot building that is 100% leased to Oceans Behavioral Hospital. The tenant has twelve (12) years remaining on a fifteen (15) year base lease term with two (2), fifteen (15) year options to renew. The lease also includes one and a half percent (1.50%) annual rental increases and a NN structure. The tenant, Oceans Behavioral Hospital Katy, is a 48-bed facility that provides tailored treatment plans focused on addressing behavioral health needs, as well as any conditions that may be directly or indirectly related to behavioral health needs. The hospital provides both quality outpatient and inpatient services. Katy is a rapid growth area that is located within the Houston-The Woodlands-Sugar Land MSA. Since the opening of Interstate 10, Katy has had tremendous development in the area in terms of retail centers. Several corporations are headquartered in areas surrounding Katy. The population within a 5-mile radius of the Property is approximately 254k. Average household income within the 5-mile radius of the Property exceeds $121k.
PROPERTY TAXES
| Parcel Number | 1356520010001 | Improvements Assessment | $8,328,215 |
| Land Assessment | $1,719,433 | Total Assessment | $10,047,648 |
PROPERTY TAXES
