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27297771
27297772

5413 Crenshaw Rd, Pasadena, TX 77505

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
MS
CA 020003307, CA 02003307
HREA | Healthcare Real Estate Advisors West Coast
RM
CA 02132328
HREA | Healthcare Real Estate Advisors
CS
CA 01834740, NC 337848
HREA | Healthcare Real Estate Advisors
Listed by ParaSell Inc, HREA | Healthcare Real Estate Advisors West Coast, HREA | Healthcare Real Estate Advisors
$4,100,000
247 days on market
Updated 45 days ago

Pasadena Medical Outpatient Building

Details
Property Type Office
Sub Type Medical Office
Square Footage 14,140
Net Rentable (SqFt) 13,370
Units 1
Occupancy 54%
Tenancy Multi
Lease Type NNN
Lease Term 5
Rent Bumps Yes
Price per SqFt $290
Broker Co-Op Yes
Class B
Year Built 2015
Buildings 1
Stories 1
Parking Spaces 75 per 1,000 sq ft
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple

Medical Outpatient Building | Owner/User Opportunity | Pasadena, TX | 13,370 RSF

Marketing description

5413 Crenshaw Road is a premier 13,370 square foot medical outpatient building located directly adjacent to HCA Houston Healthcare Southeast in Pasadena, Texas. The MOB offers a rare opportunity for an owner/user to immediately occupy ±6,473 RSF of turnkey medical space while benefiting an established income stream generated by three (3) existing medical tenants.

The owner/user acquisition of this property allows for flexible terms, providing the new owner the option to expand into additional suites or have the existing three (3) tenants sign fresh NNN leases at closing.

The building is comprised of 100% clinical outpatient space with high-quality medical buildouts throughout, making it well-suited for a wide range of specialties, including family medicine, internal medicine, orthopedics, cardiology, dermatology, dentistry, and more. The suites feature an efficient layout designed for patient throughput, with exam rooms, private offices, and patient waiting areas already in place.

The current tenants specialize in family medicine, pediatrics, vascular, and general surgery, creating an in-house referral network that fosters patient retention and collaboration among providers. Being immediately adjacent to a major HCA hospital campus further enhances the referral potential, providing an incoming practice with strong patient acquisition opportunities from the start.

Located in a dense medical corridor, the property benefits from its proximity to pharmacies, diagnostic imaging centers, rehabilitation facilities, and numerous complementary healthcare providers. Pasadena’s strong and growing population base, combined with the greater Houston MSA’s robust healthcare infrastructure, positions this asset as an ideal owner/user opportunity with both immediate operational benefits and long-term investment upside.

Investment highlights

RARE OWNER/USER OPPORTUNITY

±6,473 RSF of turnkey clinical outpatient space available for immediate occupancy by a medical practice, offering the owner/user direct operational control and an established income stream.

STRONG IN-PLACE INCOME

Three existing tenants will execute new 5-year NNN leases at closing, providing reliable, long-term income to offset operating costs and enhance cash flow.

100% MEDICAL BUILDOUT

The current vacant space is currently occupied by a cardiology practice and is ready for immediate occupancy.

DIVERSE MEDICAL TENANT MIX

Family medicine, pediatrics, vascular, and general surgery tenants create built-in referral opportunities and patient retention benefits for an incoming owner.

HIGH VISIBILITY AND ACCESSIBILITY

Prominent location on Crenshaw Road with easy access to Beltway 8, I-45, and SH 225, ensuring convenient access for patients from Pasadena and surrounding communities.

GROWING HEALTHCARE DEMAND

Pasadena and the greater Houston area continue to experience population and healthcare service demand growth, driven by aging demographics and expanding medical needs.

FLEXIBILITY FOR FUTURE GROWTH

The property allows for long-term control, with the option to expand into additional suites upon tenant turnover or convert to a fully leased investment.

PRIME LOCATION ADJACENT TO HCA HOUSTON HEALTHCARE SOUTHEAST

Direct proximity to one of the region’s major hospital campuses provides immediate access to a large and active referral network.

NNN LEASE STRUCTURE

Minimal landlord responsibilities with all tenants responsible for taxes, insurance, and maintenance, creating a low-maintenance investment.

STRATEGIC MEDICAL CORRIDOR

Surrounded by complementary healthcare services including imaging, pharmacy, dental, and specialty care, enhancing patient convenience and cross- referrals.

Listing Contacts

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
MS
CA 020003307, CA 02003307
HREA | Healthcare Real Estate Advisors West Coast
RM
CA 02132328
HREA | Healthcare Real Estate Advisors
CS
CA 01834740, NC 337848
HREA | Healthcare Real Estate Advisors
Listed by ParaSell Inc, HREA | Healthcare Real Estate Advisors West Coast, HREA | Healthcare Real Estate Advisors

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Additional Information

Name
Scott Reid
License
TX - 9009637
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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