Property summary
This exceptional Class A medical office building, totaling 79,925 square feet, presents a unique investment opportunity in Harris County. Strategically located at the prominent intersection of FM 1960 and Highway 290, this two-story building offers unparalleled accessibility. Anchored by Memorial Hermann, the building boasts a substantial 40,505 square feet of vacant space, divisible into units as small as 3,831 square feet, with a maximum contiguous space of 19,546 square feet. The property sits on a generous 84,611 square foot lot and features ample free surface parking, a significant advantage in this high-demand area. Built in 2006, the building benefits from convenient access to major thoroughfares including Highways 290, 249, 99, and Beltway 8, ensuring easy commutes for both patients and staff. Its proximity to major medical facilities, including Northwest Medical Center (15 miles), Memorial Hermann Cypress (12 miles), and Cypress Fairbanks Medical Center (4 miles), further enhances its desirability. This property, owned by Healthpeak, Inc., Houston's largest medical office building owner, represents a prime opportunity for expansion or new development within a thriving medical corridor. The multiple tenancy structure offers flexibility for various medical practices and healthcare providers.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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