17070 Red Oak Dr Houston, TX 77090

This exceptional investment opportunity presents the Texas Medical Arts Tower, a 90,508 square foot medical office building situated in Houston, Texas. Located at 17070 Red Oak Dr, 77090, this single building property sits on 3.83 acres and boasts 30 tenants with a current occupancy rate of 78.6%. Originally constructed in 1983 and renovated in 2009, the building offers ample parking, including both covered and uncovered spaces. The property benefits from its strategic location in the Medical District, approximately 20 miles from downtown Houston, and enjoys excellent visibility from Cypress Creek Pkwy, a high-traffic thoroughfare with over 68,000 vehicles per day. Its proximity to Interstate 45 and Loops 8 and 99 ensures easy accessibility. The asking price is $7,000,000, translating to $77.34 per square foot. Recent capital expenditures totaling approximately $1 million have been made, deferring the need for significant near-term investments. The property is ideally positioned within a densely populated area, serving a 5-mile radius encompassing 315,146 residents. Furthermore, additional covered land is available for potential future development. This net lease investment presents a compelling opportunity for value appreciation and strong cash flow. The property is directly adjacent to HCA Healthcare Northwest Hospital.