9th Avenue Medical Plaza | 8333 9th Ave
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9th Avenue Medical Plaza 8333 9th Ave
25,077 SF 72% Leased Office Building Port Arthur, TX 77642 £4,694,700 (£187/SF) 9.80% Net Initial Yield
Investment Highlights
- Health care/Medical offices also available for lease, built out and move-in ready.
- Limited competition in area for health care facilities.
- Convenient location right off of Texas State Highway 96.
- 13 miles from Baptist Hospitals of Southeast Texas in Beaumont.
Executive Summary
Great investment opportunity: NNN leases, fee simple ownership, and 9.8% proforma cap rate within the tax-free state of Texas! Port Arthur features a population of 89,000 and strong demographics within a five-mile radius of the property. Property is in excellent condition and is conveniently located off of Texas State Highway 96. There is limited competition in the area for health care facilities. The sale includes 2.5 AC of vacant land for building expansion opportunity and is located 13 miles from Baptist Hospitals of Southeast Texas in Beaumont, TX.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,077 SF
Building Class
B
Year Built
2006
Price
£4,694,700
Price Per SF
£187
Net Initial Yield
9.80%
NOI
£460,081
Percent Leased
72%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
25,077 SF
Building FAR
0.14
Lot Size
4.23 AC
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully built out medical space built out and move-in ready.
Fully built out medical space built out and move-in ready.
Fully built out medical space built out and move-in ready.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 2,142 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste D | 1,932 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste J | 3,035 SF | Medical | Full Build-Out | Now |
1st Fl-Ste B
| Size |
| 2,142 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D
| Size |
| 1,932 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste J
| Size |
| 3,035 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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STREET
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1st Fl-Ste B
| Size | 2,142 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Fully built out medical space built out and move-in ready.
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3D TOUR
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STREET VIEW
STREET
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1st Fl-Ste D
| Size | 1,932 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Fully built out medical space built out and move-in ready.
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste J
| Size | 3,035 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Fully built out medical space built out and move-in ready.
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PROPERTY TAXES
| Parcel Number | 049400-000-041579-00100 | Improvements Assessment | £4,337,917 |
| Land Assessment | £335,724 | Total Assessment | £4,673,641 |
PROPERTY TAXES
Parcel Number
049400-000-041579-00100
Land Assessment
£335,724
Improvements Assessment
£4,337,917
Total Assessment
£4,673,641
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3D TOUR
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STREET VIEW
STREET
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1 of 1
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9th Avenue Medical Plaza | 8333 9th Ave
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