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Freestanding Medical Office Near HCA Hospital 7236 Medical Center Dr
7,860 SF Vacant Office Building Online Auction Sale Texas City, TX 77591
Investment Highlights
- This freestanding modern medical office provides a turnkey solution to users or investors seeking to enter the growing Texas City suburb of Houston.
- Highly visible from both the Emmett F Lowry Expressway and Highway 3, providing daily exposure to more than 44,000 passing vehicles.
- Just 10 minutes from the Mainland City Centre, a massive complex with a large entertainment center, a World Gym, and award-winning restaurants.
- Located within a dense medical hub, adjacent to the HCA Mainland Hospital and neighbored by rehab, assisted living, and nursing facilities.
- Supported by a growing 10-mile population of over 216,000, with 27% of residents currently age 55 or older.
Executive Summary
Discover how 7236 Medical Center Drive’s contemporary features and exceptional location set it apart from other properties in the area. Delivered in 2018, this freestanding office property sits on 0.84 acres in a prime location just off the Emmett F Lowry Expressway and Highway 3. These vital arteries provide the site with visibility to more than 44,000 passing vehicles daily. The property is well equipped to handle this elevated traffic with convenient points of ingress and egress, and 24 on-site surface parking stalls. The building’s interiors are defined by bright spaces with large windows and anti-scratch flooring. The layout includes a large central bullpen surrounded by numerous private offices, conference rooms, and patient care rooms. The lobby also includes a windowed reception desk, providing security and protection for vulnerable staff and patients. Employees also benefit from the facility’s comfortable breakroom and kitchen.
Sitting adjacent to the HCA Houston Healthcare Mainland Hospital, 7236 Medical Center Drive is positioned within the area’s busiest medical cluster, neighboring multiple assisted living, nursing, and rehabilitation facilities. Massive synergy is brought to new medical businesses by these nearby institutions, allowing for strong partnerships and steady referrals. The building also sits just 10 minutes from Mainland City Centre, a sprawling former mall which is now home to the largest entertainment center in Texas, the country’s largest World Gym, furnished executive suites, education facilities, and nine award-winning restaurants. This mixed-use hub, along with multiple nearby retail centers, enhances employees' work-life balance and attracts additional potential clients to the region.
Approximately 40 minutes south of Downtown Houston and 20 minutes north of Galveston’s downtown core, 7236 Medical Center Drive enjoys easy access to major markets that deliver strong support for new medical businesses. The robust demographic profile within 10 miles of the facility comprises a growing population of more than 216,000. These residents already contribute to the annual healthcare spending of more than $123 million, which is set to grow as the population ages. Currently, 27% of these locals are 55 years of age or older, a population which is forecast to grow by almost 12% over the next five years. This growing cohort provides a dependable customer pipeline for medical businesses in the area.
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Market Sale Price per SF
Houston - TX USA
Market Cap Rate
Houston - TX USA
Market Sale Price per SF by Star Rating
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Market Cap Rate by Star Rating
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Market Sale Price per SF Distribution
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Property Facts
About Southeast Outlier
Located in the coastal region of Houston off the Gulf of Mexico, the area includes the cities of Galveston, Texas City, La Marque, Dickinson, and League City. The local economy is heavily dependent on tourism, although healthcare, financial services, the petrochemical industry, shipping, and the Port of Galveston also play a strong role. Like its northern neighbor Baytown, the area continues to benefit from strong global demand for petrochemical products and plastics. Over the past decade, the areas around the ports of Houston and Galveston saw over $50 billion in new petrochemical plant projects and expansions.
The University of Texas Medical Branch is the area’s largest economic driver, employing over 8,000 with over 2,500 enrolled students, followed by Landry’s Inc., which is involved in hospitality and tourism and employs over 3,000. The Moody family founded Moody National Bank and the American National Insurance Corporation (ANICO), which both maintain their headquarters in Downtown Galveston and employ more than 1,000 people. ANICO is the largest tenant in the submarket, occupying 420,000 SF at One Moody Plaza – although it was acquired by Brookfield in August 2021 in a $5-billion deal. It remains to be seen how this acquisition will affect occupancy at ANICO’s world headquarters. Marathon Petroleum Corp, BP, and Valero all have a large refining presence in Texas City. Galveston is also a short drive from the NASA Lyndon B. Johnson Space Center, which employs over 3,000 and is home to a cluster of more than 15 aerospace contractors employing over 11,000 personnel.
The area is home to comparatively little new supply, vacancies have declined recently, as a result rent growth to outperform nearby office clusters. Sales turnover typically amounts to about 3% to 4% of inventory, and that has been consistent throughout this cycle. Sales of medical office buildings and smaller buildings under 10,000 SF tend to dominate transaction volume in this coastal area.
DEMOGRAPHICS
Demographics
zoning
| Zoning Code | PUD |
| PUD |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,479,511 | |
| Land Assessment | £201,590 | Total Assessment | £1,681,102 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Max Lozmack, Vice President
Max graduated from the University of Texas at Austin with a Bachelor of Science degree in corporate communication with a business foundations certificate. He believes his dedication, willingness to learn, open mindedness, and availability will help him reach his lofty goals. Max has a passion to be the best, and knows that dedication, willpower, and consistent communication will help get him there.
Mr. Lozmack began his career in commercial real estate as an intern in Houston, Texas, where he gained helpful insight into the market and the industry. Max has volunteered with Habitat for Humanity and served on the Darrell K. Royal Legacy Rookie Council for Alzheimer’s in Austin, Texas. Max enjoys biking, playing tennis, and spending time with his new English Bulldog, Otis.
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