Investment Overview

Marcus & Millichap is pleased to offer for sale the 9th Avenue Medical Plaza in Port Arthur, Texas. The subject property is a multi-tenant medical facility comprising a 25,077 square-foot building on 4.23 acres of land. The property is strategically located on a major medical thoroughfare that includes The Medical Center of Southeast Texas, Christus St. Mary Outpatient Center, Center Well Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center of Port Arthur, to name a few. Current occupancy is 72%, with another 22% becoming available for owner-occupancy in July 2026. The new owner can occupy the existing 28% now and an additional 22% in 2026. Almost half of the facility is occupied by the Baptist Hospital Cancer Center, which exercised its first option in 2025, extending the lease until 2028 with one more 3-year option remaining. For an investor, this property represents a great value-add opportunity with a pro forma CAP rate of 9.77% when stabilized. Port Arthur, the Cajun Capital of Texas, is located about 90 miles southeast of Houston and 18 miles south of Beaumont. The city offers a rich cultural and music scene, various outdoor and nature activities, and is a major hub for the petrochemical industry and a busy international port. This is a great opportunity to acquire a newer multi-tenant medical facility with the potential for 51% owner-occupancy and a strong value-add opportunity, offering a pro forma CAP rate of 9.77%.