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908 E Southmore Blvd

908 E Southmore Blvd
Pasadena, TX 77502
Availability: Price:$2,000,000 Size:41,778 SF
Shipping: Marcus & Millichap is pleased to present 908 E Southmore Blvd in Pasadena, Texas.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

BRAD PETERS | Associate


Managing Partner: Tashakorian Group
License: CA 02025155
Dir: (858) 373-3227
Cell: (805) 208-6210
brad.peters@marcusmillichap.com

Description

Marcus & Millichap is pleased to present 908 E Southmore Boulevard, located in Pasadena, TX, just outside of Houston. The 41,778 square foot Class-B Medical Office Building was built in 1984 and is currently 27% occupied. 908 Southmore is a three story medical office building located in Pasadena. It offers great medical floor plans, a recently renovated lobby and card key access. The offering is a great opportunity for an owner-user to purchase the building with a low down payment and still receive rent from the leased portion of the building, allowing the owner to use the space at $0.50 per SF Net.

Features

  • 41,778 SF Class-B Medical Office Building
  • 3-Story Building on 2.62 Acres of Land
  • Great Owner/User Opportunity with 27% Occupancy
  • Great Medical Floor Plans
  • Less than 10 Miles from William P Hobby Airport

Offering Price

$2,000,000

Building Size

41,778 SF

Price Per SF

$47.87

Year Built

1984

Current Occupancy

27%

CAP Rate (Year 2)

12.69%

Details

  • 22932269
  • Office
  • Price:$2,000,000 Size:41,778 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present 908 E Southmore Blvd in Pasadena, Texas.

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