15,077 SF Medical Building on 3.10 Acres Next to Hospital
Office | 6.58% CAP | 15,077 SqFt
Marketing description
Zeustra, LLC is pleased to present the exclusive opportunity to acquire 21660 Kingsland Blvd, a 15,077 square foot multi-tenant medical office building situated on 3.10 acres within Katy's premier medical corridor. Currently 94% occupied with a diversified healthcare tenant base, the property delivers stable in-place cash flow alongside meaningful near-term upside through lease-up of the remaining vacancy.
The asset's most compelling attribute is its irreplaceable location — positioned directly adjacent to the hospital and surrounded by one of Greater Houston's most concentrated clusters of medical users. This adjacency drives durable, long-term demand for outpatient services and provides tenants.
The surrounding trade area reinforces the investment thesis: within a 5-mile radius, the submarket supports more than 291,000 residents, over 97,000 households, median household income exceeding $101,000, and nearly 9,800 businesses — demographic fundamentals that underpin sustained demand for healthcare services.
21660 Kingsland presents a differentiated opportunity. The property's varied lease term profile offers the ability to mark rents to market over time, while the 3 + acre site carries meaningful underlying land value — providing optionality for future expansion or redevelopment in one of Katy's most established healthcare nodes. Recent capital improvements, including a new 20-year roof and 8.0 parking spaces per 1,000 square feet, further reduce near-term capital requirements and position the asset for long-term institutional quality.
Investment highlights
- 15,077 SF medical office building on 3.10 acres in the heart of Katy's established medical corridor, directly adjacent to the hospital.
- New 20-year roof recently installed, significantly reducing near-term capital exposure and reinforcing the long-term durability of the asset.
- 8.0 parking spaces per 1,000 SF — well above market standard — supporting high-volume outpatient medical use and strong tenant retention.
- Diversified mix of outpatient medical and healthcare-related tenants provides a stable, resilient rent roll with broad leasing relevance across specialties.
- 4.092-acre land position offers meaningful optionality for future expansion or redevelopment — a rare attribute in one of Greater Houston's most established healthcare nodes.
- Situated in Katy, Texas — one of Greater Houston's fastest-growing and most affluent suburban markets, with sustained population and household income growth.
- Within a 5-mile radius: 291,000+ residents, 97,000+ households, and median household income exceeding $101,000 — demographics that directly support outpatient healthcare demand.
- Nearly 9,800 businesses and 86,000+ employees in the surrounding trade area create a deep, self-reinforcing patient and workforce base.
- Hospital-adjacent location provides tenants with irreplaceable clinical proximity, driving long-term lease relevance that generic suburban office cannot replicate.
- Strong residential density and continued suburban expansion position this corridor for durable, long-term appreciation — making this an ideal hold for a locally-oriented investor.
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