Available $6,850,000 - Multi-Tenant, Office/Medical
Marcus & Millichap is pleased to present the opportunity to acquire a well constructed 23,886 square foot, multi-tenant medical office building located at 18648 McKay Drive in Humble, Texas. Recently constructed in 2013, this building is in exceptional physical condition. The property has a total of eight suites, all with long-term medical tenants. The property is situated on a 2.00 acre parcel of land providing an abundant amount of parking and covered parking available for physicians. McKay Medical Plaza is individually physician-owned, with physicians affiliated with Memorial Hermann Health Care System, which has a campus next door, maximizing the delivery of health care tothe area and making the medical office building a desirable location for medical doctors coming to the area.
McKay Medical Plaza is strategically located in Humble, Texas, just off of U.S. 59, only a short two mile drive from George Bush Intercontinental Airport.
McKay Medical Plaza is a stable asset with below market rental rates. This is an excellent opportunity for potential investors looking for great stable cash flow, and the ability to create value through increasing rental rates. This type of asset is appealing tobanks and financial institutions, and debt quotes are available.
- CAP Rate: Current: 7.68% ; Pro Forma: 7.92%