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19411 McKay Blvd 20,379 SF 79% Leased Office Building Humble, TX 77338 $3,800,000 ($186.47/SF) 8% Cap Rate

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EXECUTIVE SUMMARY

Partners Real Estate is pleased to present 19411 McKay Boulevard, a 21,230-square-foot multi-tenant medical office building located in Humble, TX, directly across from Memorial Hermann Northeast Hospital, a 255-bed acute care facility. Situated on 3.46 acres, the property was built in 2003 and features a strong 6:1,000 SF parking ratio, making it ideal for a variety of healthcare providers. Currently 83% occupied, the building offers a compelling value-add opportunity with short-term leases in place, providing immediate potential for lease-up and rent growth. With under-market rents and a low cost basis, future ownership can unlock additional value through strategic leasing and operational improvements. This offering is well-positioned for investors seeking stabilized medical office fundamentals with upside in a thriving healthcare submarket.

19411 Mckay Dr OM

PROPERTY FACTS

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

20,379 SF

Building Class

Year Built

2003

Price

$3,800,000

Price Per SF

$186.47

Cap Rate

NOI

$304,000

Percent Leased

79%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

6,793 SF

Slab To Slab

11’

Building FAR

0.14

Lot Size

3.46 AC

Zoning

commericial - commercial Close IAH Airport and next to Memorial Herman Hospital. Deerbrook Mall is less 1/1 a mile. Prime location for Business. Class Building

Parking

90 Spaces (6 Spaces per 1,000 SF Leased)

24 Hour Access

Air Conditioning

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Fl-Ste 150
2,222 SF
Office/Medical
Full Build-Out
Now

Shared office with another Dr. space fully built out Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.

2nd Fl-Ste 250
2,225 SF
Office/Medical
Full Build-Out
Now

Shared office space fully built Showing times Mon- Fri 9-5 only There will be a lock box with keys for both offices. Agent can call me at 281-814-2739 for the code OR 409-351-4526.