Listed by Northmarq Capital, LLC, Northmarq
$3,664,000
Flintridge Medical Building
Details
Property Type Office
Sub Type Medical Office
Square Footage 9,258
Units 3
Cap Rate 6.3%
NOI $230,831
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options 2 x 5 Yrs | None | 1 x 10 Years
Year Built 2015
Year Renovated 2026
Buildings 1
Acreage 1.400
3-Unit NNN Medical Asset | Annual Rent Increases | $120K+ Recent Improvements (New Roof) | Affluent
Marketing description
Northmarq is pleased to present to qualified investors the opportunity to acquire a fee simple interest in Flintridge Medical Building, located at 10845 Kuykendahl Road in The Woodlands, Texas (the “Property”). Flintridge Medical is a 100% leased, three-tenant medical office building serving an affluent and established surrounding community. The Property is occupied by a dentist, chiropractor, and dermatologist, each operating under triple-net (NNN) leases with annual rent escalations ranging from 2.5% to 3.0%. The Property is strategically located in The Woodlands, approximately 36 miles north of downtown Houston, at the signalized intersection of Kuykendahl Road (21,382 vehicles per day) and Flintridge Road.
Investment highlights
- 100% Leased Medical Office Asset
- Long-Term, Contractual Cash Flow
- Strong Rent Growth & Inflation Hedge
- Recent Capital Improvements/No Deferred Maintenance
- Premier Woodlands Location
- Dense & Affluent Demographics
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,831.00
$19,235.92/mo
Valuation Metrics
0
DSCR
6.3%
Cap Rate
6.3%
ROI
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