BURKE ROAD MEDICAL BUILDING 4002 Burke Rd 25,444 SF 100% Leased Office Building Pasadena, TX 77504 £5,033,836 (£197.84/SF) 8.08% Net Initial Yield
INVESTMENT HIGHLIGHTS
- IMMEDIATE VALUE-ADD POTENTIAL
- IMPRESSIVE FINANCIAL CONFIDENCE
- SYNERGISTIC TENANT MIX DRIVING SUCCESS
- LONG-TERM STABILITY WITH BUILT-IN GROWTH
- PRIME LOCATION WITH UNMATCHED EXPOSURE
- THRIVING DEMOGRAPHICS AND STRONG DEMAND
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License No. 9005919 (TX)
Andrew Fagundo, Michael Moreno, and Rahul Chhajed (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Patrick Graham
License No. 9005919 (TX)
Andrew Fagundo, Michael Moreno, and Rahul Chhajed (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
25,444 SF
Building Class
C
Year Built/Renovated
1984/2018
Price
£5,033,836
Price Per SF
£197.84
Net Initial Yield
8.08%
NOI
£406,734
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
25,444 SF
Building FAR
0.16
Lot Size
3.74 AC
1 of 1
PROPERTY TAXES
| Parcel Number | 0461650000075 | Improvements Assessment | £363,850 |
| Land Assessment | £618,277 | Total Assessment | £982,126 |
CONTACTS
-
Andrew Richmond -
Andrew Fagundo -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
