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5020 Space Center Blvd - Baywood Crossing

39,751 SF Health Care Building Offered at $14,000,000 at a 7.14% Cap Rate in Pasadena, TX 77505

Investment Highlights

  • Long Term Established Tenant

Executive Summary

The Subject Property’s address is 5020 Space Center Blvd., which is located in close proximity to Sam Houston Tollway with a population of almost 248,000 in a 5 mile radius with mover than 61,000 residents over the age of 55. The facility is ideally positioned on Space Center Blvd. which sees an average of over 19,000 cpd and also in close proximity to Genoa Red Bluff which sees over 24,000 cpd. The property is currently under a 20 year absolute triple net lease that commenced in December 2011 and has over 9 years remaining.

Property Facts

Price $14,000,000
Price Per Bed $112,903
Sale Type Investment
Cap Rate 7.14%
Property Type Health Care
Property Subtype Skilled Nursing Facility
Building Class B
Lot Size 3.85 AC
Building Size 39,751 SF
No. Beds 124
No. Stories 1
Year Built 2011

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1326440010002
Land Assessment
$1,340,600
Improvements Assessment
$7,339,626
Total Assessment
$8,680,226

zoning

Zoning Code N/A
N/A
  • Listing ID: 25472668

  • Date on Market: 4/14/2022

  • Last Updated:

  • Address: 5020 Space Center Blvd, Pasadena, TX 77505

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