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Office Medical

Respiratory and Sleep Disorders Specialists

1125 Cypress Station Dr Ste E, Houston, TX 77090

Listing Price: $734,000

Cap Rate
7.80%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$203.89
Occupancy
100.0%
Year Built
2006
Lot Size
0.42 acres

Investment Overview

Marcus & Millichap is pleased to offer for sale this medical condo interest in Building E of the Cypress Station Medical Center located in Houston, TX. The 3,600-square-foot interest is currently leased to Respiratory and Sleep Disorders Specialists, a private practice led by Dr. Wael Asi. The tenant recently executed a lease extension and has plans to remain here long-term. The offering is surrounded by dozens of national retailers, has proximity to I-45, and is next the the HCA Houston Healthcare Northwest campus. The excellent location bodes well for the long-term prospects of the project and provides an investor with solid real estate fundamentals. The current lease is NNN, which pins responsibility for taxes, insurance, and CAM expenses on the tenant. With roof, structure, and parking lot being CAM expenses due to the condo association, this is a very passive investment option. In short, this offering provides an investor with a passive source of cashflow from an established tenant with long-term plans for the location. The property is surrounded by strong anchors, which should keep the long-term prospects of the property and income security strong.

Investment Highlights

  • Committed Medical Tenant - Recent lease extension from a young practitioner.
  • Excellent Location - Next to HCA Houston Healthcare Northwest campus, proximity to I-45, and surrounded by dozens of national retailers.
  • Limited Landlord Responsibility - the lease is NNN with the tenant responsible for taxes, insurance and CAM. As part of a condo association, those are the only applicable responsibilities.

Exclusively Listed By

Office Medical

Respiratory and Sleep Disorders Specialists

Listing Price: $734,000

Cap Rate
7.80%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$203.89
Occupancy
100.0%
Year Built
2006
Lot Size
0.42 acres

Investment Highlights

  • Committed Medical Tenant - Recent lease extension from a young practitioner.
  • Excellent Location - Next to HCA Houston Healthcare Northwest campus, proximity to I-45, and surrounded by dozens of national retailers.
  • Limited Landlord Responsibility - the lease is NNN with the tenant responsible for taxes, insurance and CAM. As part of a condo association, those are the only applicable responsibilities.

Investment Overview

Marcus & Millichap is pleased to offer for sale this medical condo interest in Building E of the Cypress Station Medical Center located in Houston, TX. The 3,600-square-foot interest is currently leased to Respiratory and Sleep Disorders Specialists, a private practice led by Dr. Wael Asi. The tenant recently executed a lease extension and has plans to remain here long-term. The offering is surrounded by dozens of national retailers, has proximity to I-45, and is next the the HCA Houston Healthcare Northwest campus. The excellent location bodes well for the long-term prospects of the project and provides an investor with solid real estate fundamentals. The current lease is NNN, which pins responsibility for taxes, insurance, and CAM expenses on the tenant. With roof, structure, and parking lot being CAM expenses due to the condo association, this is a very passive investment option. In short, this offering provides an investor with a passive source of cashflow from an established tenant with long-term plans for the location. The property is surrounded by strong anchors, which should keep the long-term prospects of the property and income security strong.

Exclusively Listed By

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