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11721 Fuqua St 10,268 SF Office Building Houston, TX 77034 $3,175,518 CAD ($309.26 CAD/SF) 7.01% Cap Rate
Investment Highlights
- South Belt Medical Clinic has operated at this location since 2008, with founding physicians deeply embedded in the surrounding community.
- The NNN lease delivers strong in-place annual base rent with 3% annual escalations and two 5-year renewal options
- The offering provides a compelling entry basis for a stabilized medical asset in the Houston MSA.
- Both physicians serve as Medical Directors at area hospitals and rehabilitation facilities, driving consistent referrals and anchoring the practice.
- The South Belt/Ellington submarket serves nearly 100,000 residents with a median age of 34.
Executive Summary
Partners is pleased to offer for sale 11721 Fuqua Street — a 10,268-square-foot, two-story medical office building in Southeast Houston, offered as a sale leaseback with South Belt Medical Clinic, the founding and only tenant since 2008. South Belt occupies the 7,066-SF ground floor on a new 5-year NNN lease reimbursing 100% of property expenses. The upstairs 3,202 SF is in shell condition and available for an owner/user or new tenant — supplying immediate upside on a fully stabilized in-place return.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,268 SF
Building Class
B
Year Built
2008
Price
$3,175,518 CAD
Price Per SF
$309.26 CAD
Cap Rate
7.01%
NOI
$222,540 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,134 SF
Slab To Slab
12’
Building FAR
0.23
Lot Size
1.01 AC
Parking
39 Spaces (3.8 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1020050000004 | Improvements Assessment | $2,733,143 CAD |
| Land Assessment | $303,245 CAD | Total Assessment | $3,036,389 CAD |
Property Taxes
Parcel Number
1020050000004
Land Assessment
$303,245 CAD
Improvements Assessment
$2,733,143 CAD
Total Assessment
$3,036,389 CAD
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11721 Fuqua St
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