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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