4214 Mamies Cir - Health Care FOR SALE


Midland, TX 79707
$3,850,000 USD
432-413-6393
4214 Mamies Cir, Midland, TX for Sale
$3,850,000 USD
Health Care - FOR SALE
1/14
null | 7% Cap Rate

4214 Mamies Cir
Midland, TX 79707


HIGHLIGHTS

  • 7.0% CAP Rate
  • (9) Private Offices | (28) Exam Rooms | Lounge | Library | Multiple Flex Rooms that currently serve as Lab Rooms and Storage | Waiting Area/Reception
  • Well-Maintained Building
  • Parking Details: 2,112 SF Covered Parking | 49,300 SF Paved Parking
  • Key Card Access for Employees
  • About Midland Pediatrics Associates: MPA has been in business since 1986. Medical Practice is fully staffed w/ Doctors & Nurses operating Mon-Fri

OVERVIEW

A stand-alone medical office building in Midland is now available for sale, offering a sale-leaseback opportunity with the current owners and operators: Midland Pediatrics Associates. Established in 1986, MPA is a well-regarded pediatric group in Midland. The building includes (9) private offices, (28) exam rooms, a lounge, a library, and several flexible rooms currently used as lab spaces and storage. The facility also features a spacious waiting area and reception to welcome patients. With ample parking for both employees and patients, the property ensures convenient and easy access for all visitors. This property is situated in Northwest Midland on Mamies Circle, inside Loop 250, with direct access to two major thoroughfares: Wadley and Midland Drive. The location is highly convenient, surrounded by neighborhoods, grocery stores, and gas stations. Nearby businesses include Prosperity Bank, Kent Kwik, Fit Family Fitness, O'Reilly Auto Parts, Comet Cleaners, and Albertsons. *Additional due diligence documents available upon request Sale Lease-Back Details: The current owners occupy the building as a medical practice and desire to execute a lease with the new owners under the following terms: Lease Rate: $22/sf/yr Lease Type: NNN Lease Term: 10-year

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

PDSC

APN/PARCEL ID

R000185-304

ASK ABOUT THIS PROPERTY

Tommy ReynoldsMoriah GroupMore Info
432-413-6393

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Tommy ReynoldsMoriah GroupMore Info
432-413-6393

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