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Office Medical

Bay Area Infectious Disease Center

6319 Fairmont Pkwy, Pasadena, TX 77505

Listing Price: $2,450,000

Cap Rate
5.52%
Gross SF
7,364
Rentable SF
7,364
Price/Gross SF
$332.70
Occupancy
100.0%
Year Built
1991
Lot Size
0.46 acres

Investment Overview

Marcus & Millichap is pleased to present the Bay Area Infectious Disease Center MOB located in Pasadena, Texas – a suburb of Houston, Texas. The subject property is a 7,364-square-foot, multi-tenant medical office building that is 100 percent occupied by Bay Area Infectious Disease Associates. This healthcare facility is ideally located along Fairmont Parkway – one of the main arteries into the City of Pasadena. It's proximity to Sam Houston Tollway provides easy access for the residents of Pasadena to major employers, including Dow Chemical, Apache Oil, and St Luke’s Hospital. The five-mile population surrounding the location is 232,685 residents with the area expecting an 0.4 percent increase in population within the next five years. Average household income within a two-mile radius of the property is $91,291. Bay Area Infectious Disease Associates (B.A.I.D.A) have been practicing at this location since 2012. At the close of escrow, B.A.I.D.A will execute a new five-year lease for suite 101, suite 201, and suite 202 (75% of the rentable space). For suite 102/103, B.A.I.D.A. will execute a lease for one year. Leases will be triple net (NNN) with a reimbursed management fee.

Investment Highlights

  • • 7,364-Square-Foot, 100% Occupied, Multi-Tenant Medical Office Building
  • • NNN Leases | Limited Landlord Responsibility
  • • Ideally Located 14 Miles South of Houston, TX
  • • Population within Five-Miles is 232,685 | Average Household Income Within Two-Mile Exceeds $91,000
  • • Located in Proximity to Major Employer Hubs, including Dow Chemical, Apache Oil, and St. Luke's Hospital
  • • 44,000+ VPD along Fairmont Parkway

Exclusively Listed By

Financing By

Office Medical

Bay Area Infectious Disease Center

Listing Price: $2,450,000

Cap Rate
5.52%
Gross SF
7,364
Rentable SF
7,364
Price/Gross SF
$332.70
Occupancy
100.0%
Year Built
1991
Lot Size
0.46 acres

Investment Highlights

  • • 7,364-Square-Foot, 100% Occupied, Multi-Tenant Medical Office Building
  • • NNN Leases | Limited Landlord Responsibility
  • • Ideally Located 14 Miles South of Houston, TX
  • • Population within Five-Miles is 232,685 | Average Household Income Within Two-Mile Exceeds $91,000
  • • Located in Proximity to Major Employer Hubs, including Dow Chemical, Apache Oil, and St. Luke's Hospital
  • • 44,000+ VPD along Fairmont Parkway

Investment Overview

Marcus & Millichap is pleased to present the Bay Area Infectious Disease Center MOB located in Pasadena, Texas – a suburb of Houston, Texas. The subject property is a 7,364-square-foot, multi-tenant medical office building that is 100 percent occupied by Bay Area Infectious Disease Associates. This healthcare facility is ideally located along Fairmont Parkway – one of the main arteries into the City of Pasadena. It's proximity to Sam Houston Tollway provides easy access for the residents of Pasadena to major employers, including Dow Chemical, Apache Oil, and St Luke’s Hospital. The five-mile population surrounding the location is 232,685 residents with the area expecting an 0.4 percent increase in population within the next five years. Average household income within a two-mile radius of the property is $91,291. Bay Area Infectious Disease Associates (B.A.I.D.A) have been practicing at this location since 2012. At the close of escrow, B.A.I.D.A will execute a new five-year lease for suite 101, suite 201, and suite 202 (75% of the rentable space). For suite 102/103, B.A.I.D.A. will execute a lease for one year. Leases will be triple net (NNN) with a reimbursed management fee.

Exclusively Listed By

Financing By

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