9th Avenue Medical Plaza | Port Arthur, TX
Sands Investment Group is Pleased to Present For Sale the Multi Tenant Investment Opportunity Located at 8333 9th Avenue in Port Arthur, Texas.
HIGH QUALITY RESESSION PROOF TENANT LINEUP
- 100% Occupied By 6 Strong Medical Tenants
- Nearly 50% of the GLA Leased to Baptist Hospital Cancer Center
- The Baptist Hospital Cancer Center Recently Exercised Their 3 Year Option Period Early, Demonstrating Their Confidence in This Location
- Depending on Offer Price and Terms, Tenants With an Ownership Interest Are Open to Negotiating Early Extensions to Their Leases
- Property Features Extremely Expensive Build-Out Including Linear Accelerator & Vault
- Long Standing Occupancy With Most Tenants Having Been There Since 2006
- Regular Scheduled Rent Increases Secure Hedge Against Inflation as Well as Steady NOI Growth
STRONG CASH FLOW & VALUE-ADD OPPORTUNITY
- High Cap Rate With Strong Cash Flow From 100% Occupied Building
- This Property Has a Value-Add Component Featuring 1.95 Acres of Undeveloped Land
- Nearly ½ of the Parcel Undeveloped Providing Future Upside For an Investor By Building a Second Building
HIGH GROWTH TRADE AREA
- Future Job Growth Over the Next 10 Years is Estimated at Approximately 30.79%
- Texas is One of the Few Income Tax-Free States in the Country
SUPERIOR LOCATION, STRONG VISIBILITY
- Strong Traffic Counts – Over 26,000 Cars Per Day
- Ideally Located Within 1 Block From the Future Christus Healthcare Hospital Facility
DOMINANT MARKET POSITION
- Trade Area Covers More Than 80,000 People in the Immediate Area Growing to Over 140,000 Within the Surrounding Area
AFFLUENT DEMOGRAPHICS
- Average Household Incomes Average Above $80,000 in Immediate Area
CLOSE PROXIMITY TO NATIONAL CREDIT TENANTS
- Adjacent To Central Mall Featuring Top National Retailers That Include: Walmart, McDonald’s, Starbucks, Target and Conoco
In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481
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