Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3535 8333 9th Ave is 9th Avenue Medical Plaza, a 25,077 SF multi-tenant medical office building on 4.23 acres in Port Arthur, Texas. Built in 2006, the plaza is 49% leased to Baptist Hospital Cancer Center, which recently extended its 12,359 SF gross lease through March 2028 with one remaining three-year renewal option at fair market value. The value-add thesis centers on 12,719 SF of vacancy across five suites ranging from 1,932 to 3,035 SF, with pro forma lease-up rents of $22/SF NNN. The offering includes 1.95 acres of undeveloped land for future expansion or ground-up development. The property sits on a medical corridor alongside The Medical Center of Southeast Texas, CHRISTUS St. Mary Outpatient Center, CenterWell Senior Primary Care, Prime Occupational Medicine and Exceptional Emergency Center, in a submarket with an 8.9% vacancy rate.