Harris Professional Pavilion | 4600 Fairmont Pky
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Harris Professional Pavilion 4600 Fairmont Pky
17,636 SF 90% Leased Office Building Pasadena, TX 77504 £3,346,509 (£190/SF) 7.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Stabilized retail investment opportunity in Houston, Texas - Attractively priced at $235 per square foot
- Dense infill Houston, Texas location. The population in a one mile radius exceeds 15,600 people, with an average income of $79,000.
- Upside to lease remaining 1,800 SF vacancy
- Established, long-term healthcare tenants, multiple renewals with attractive rental increases
- Professionally managed, landlord friendly triple net leases with annual increases in primary terms and options,
EXECUTIVE SUMMARY
• Tremendous Medical/Retail investment opportunity in Houston, Texas - Attractively priced at $235 per square foot
• Established, Long-Time Healthcare Tenants
• Tenants Include Advanced Dental Associates, Proactive Therapy Centers, HCA Healthcare (Women’s Associates OBGYN), and Success on the Spectrum
• Dense infill Houston, Texas location. The population in a one mile radius exceeds 15,600 people, with an average income of $79,000.
• Triple Net Leases with Rent Increases in Primary Terms/Options
• Upside to Lease Remaining 1,800 SF Vacancy (2nd Floor, Adjacent to Proactive Physical Therapy)
• Established, Long-Time Healthcare Tenants
• Tenants Include Advanced Dental Associates, Proactive Therapy Centers, HCA Healthcare (Women’s Associates OBGYN), and Success on the Spectrum
• Dense infill Houston, Texas location. The population in a one mile radius exceeds 15,600 people, with an average income of $79,000.
• Triple Net Leases with Rent Increases in Primary Terms/Options
• Upside to Lease Remaining 1,800 SF Vacancy (2nd Floor, Adjacent to Proactive Physical Therapy)
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
17,636 SF
Building Class
B
Year Built
2000
Price
£3,346,509
Price Per SF
£190
Net Initial Yield
7.25%
NOI
£242,625
Percent Leased
90%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,681 SF
Building FAR
0.31
Lot Size
1.31 AC
Opportunity Zone
Yes
Parking
94 Spaces (5.3 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
2nd Gen Physical Therapy Space For Lease
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 204 | 1,800 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 204
| Size |
| 1,800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 204
| Size | 1,800 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2nd Gen Physical Therapy Space For Lease
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PROPERTY TAXES
| Parcel Number | 0461650000094 | Improvements Assessment | £2,269,745 |
| Land Assessment | £683,148 | Total Assessment | £2,952,893 |
PROPERTY TAXES
Parcel Number
0461650000094
Land Assessment
£683,148
Improvements Assessment
£2,269,745
Total Assessment
£2,952,893
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Harris Professional Pavilion | 4600 Fairmont Pky
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