320 Branard St - Medical FOR SALE


Houston, TX 77006
$2,142,857 USD
713-275-6715
320 Branard St, Houston, TX for Sale
$2,142,857 USD
Medical - FOR SALE
1/13
null | 7% Cap Rate

320 Branard St
Houston, TX 77006


HIGHLIGHTS

  • 100% occupied
  • Lease Type: NNN (zero Landlord responsibilities).

OVERVIEW

4,386 SF building that is 100% occupied by The Center for the Healing Arts & Sciences (thecenterforhas.com). Core Houston location in highly sought after Montrose area. Lease Type: NNN (zero Landlord responsibilities). Tenant generating strong revenue with an established and growing medical practice offering multiple patient services. Located in close proximity to Spur 527 and Southwest Freeway, minutes from the Ion District, Midtown, Downtown, the Museum District, and Texas Medical Center. Continued population growth in this inner loop area of Houston, with multiple new upscale multifamily development projects within ½ mile of Property. Average household income of $118K within 1-mile radius and $124K within 3-mile radius. High occupancy in the area and lack of comparable available product creates investor security. Lease term of approximately 8.5 years remaining NOI = $150,000 Rent bumps 10% effective 6/1/28 and during renewal option period.

FOR SALE DETAILS

PRICE

$2,142,857 USD

PRICE/SF

$489 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

None

APN/PARCEL ID

0082610000014

ASK ABOUT THIS PROPERTY

Matt MoakeHighStreet Net Lease Group, LLCMore Info
713-275-6715

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Matt MoakeHighStreet Net Lease Group, LLCMore Info
713-275-6715

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.