Office Medical
9th Avenue Medical Plaza
8333 9th Ave, Port Arthur, TX 77642
Listing Price: $2,950,000
Investment Overview
Marcus & Millichap is pleased to present for sale 9th Avenue Medical Plaza, a 25,077-square-foot multi-tenant medical asset situated on 4.23 acres in Port Arthur, Texas.
The property sits prominently on a high-density medical corridor alongside major healthcare providers, including The Medical Center of Southeast Texas, CHRISTUS St. Mary Outpatient Center, CenterWell Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center.
Currently 49% occupied, the plaza presents a compelling value-add opportunity with a stabilized pro forma CAP rate of 15.9% in a submarket with an 8.9% vacancy rate. The facility’s primary anchor, Baptist Hospital Cancer Center, recently extended its lease through 2028, with one remaining three-year renewal option.
Ideal for an investor seeking significant upside or a healthcare provider targeting a 51% owner-user footprint, 9th Avenue Medical Plaza delivers a modern, high-potential medical asset in a major Gulf Coast industrial hub.
9th Avenue Medical Plaza
Investment Highlights
- High-Yield Value-Add Potential: Projected stabilized pro forma CAP rate of 15.9%, driven by immediate upside potential
- Flexible Investment Opportunity: Up to 51% vacant space available, offering an ideal setup for an owner-occupant or aggressive lease-up strategy.
- Established Anchor Tenant: 49% leased to Baptist Hospital Cancer Center, providing stable, long-term cash flow.
- Prime Medical Corridor: Exceptional visibility and strategic proximity to the 204-bed Medical Center of Southeast Texas and surrounding healthcare providers.
- Additional Development Potential: Includes 1.95 acres of undeveloped land for future expansion or ground-up development.
- Quality Construction: 2006-built, modern medical facility with excellent curb appeal and access.
Exclusively Listed By
Financing By
Listing Price: $2,950,000
Investment Highlights
- High-Yield Value-Add Potential: Projected stabilized pro forma CAP rate of 15.9%, driven by immediate upside potential
- Flexible Investment Opportunity: Up to 51% vacant space available, offering an ideal setup for an owner-occupant or aggressive lease-up strategy.
- Established Anchor Tenant: 49% leased to Baptist Hospital Cancer Center, providing stable, long-term cash flow.
- Prime Medical Corridor: Exceptional visibility and strategic proximity to the 204-bed Medical Center of Southeast Texas and surrounding healthcare providers.
- Additional Development Potential: Includes 1.95 acres of undeveloped land for future expansion or ground-up development.
- Quality Construction: 2006-built, modern medical facility with excellent curb appeal and access.
Investment Overview
Marcus & Millichap is pleased to present for sale 9th Avenue Medical Plaza, a 25,077-square-foot multi-tenant medical asset situated on 4.23 acres in Port Arthur, Texas. The property sits prominently on a high-density medical corridor alongside major healthcare providers, including The Medical Center of Southeast Texas, CHRISTUS St. Mary Outpatient Center, CenterWell Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center. Currently 49% occupied, the plaza presents a compelling value-add opportunity with a stabilized pro forma CAP rate of 15.9% in a submarket with an 8.9% vacancy rate. The facility’s primary anchor, Baptist Hospital Cancer Center, recently extended its lease through 2028, with one remaining three-year renewal option. Ideal for an investor seeking significant upside or a healthcare provider targeting a 51% owner-user footprint, 9th Avenue Medical Plaza delivers a modern, high-potential medical asset in a major Gulf Coast industrial hub.
Exclusively Listed By
Financing By
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