Clear Lake Professional Plaza | 555 E Medical Center Blvd
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Clear Lake Professional Plaza 555 E Medical Center Blvd
9,750 SF Office Building Webster, TX 77598 $3,565,000 ($366/SF) 6.90% Cap Rate
Investment Highlights
- Two, long-term medical tenants with large practices.
- Well maintained in and out.
- Good terms left on both leases with increases.
Executive Summary
Two-tenant, 9,750 SF, medical office building in Clear Lake / NASA market.
Near major medical hospital hub.
Coastal Eye Associates - 7,105 SF since 1996 & runs thru July 2032.
Endodontic Associates of Clear Lake - 2,645 SF since 1996 and runs thru December 2028.
All-concrete, well lit parking with 72 spaces; ~7.38/1,000 SF
Solid Demographics in 3 miles: 74,000 population; 32,000 households; 56%families; $68,000 Median income
Near major medical hospital hub.
Coastal Eye Associates - 7,105 SF since 1996 & runs thru July 2032.
Endodontic Associates of Clear Lake - 2,645 SF since 1996 and runs thru December 2028.
All-concrete, well lit parking with 72 spaces; ~7.38/1,000 SF
Solid Demographics in 3 miles: 74,000 population; 32,000 households; 56%families; $68,000 Median income
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,750 SF
Building Class
C
Year Built
1997
Price
$3,565,000
Price Per SF
$366
Cap Rate
6.90%
NOI
$246,014
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,750 SF
Building FAR
0.18
Lot Size
1.22 AC
Zoning
N/Ap, Webster
Parking
40 Spaces (4.1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1195170010001 | Improvements Assessment | $1,242,406 |
| Land Assessment | $531,260 | Total Assessment | $1,773,666 |
PROPERTY TAXES
Parcel Number
1195170010001
Land Assessment
$531,260
Improvements Assessment
$1,242,406
Total Assessment
$1,773,666
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Presented by
McAdams & Associates
Clear Lake Professional Plaza | 555 E Medical Center Blvd
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