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Pinnacle Dermatology 4040 Medical Park Dr 9,305 SF Office Building Odessa, TX 79765 $6,462,105 CAD ($694.48 CAD/SF) 6.48% Cap Rate
Investment Highlights
- Stable Cash Flow: Year 1 NOI of $301,358 with unlimited CPI escalations (2.00% floor).
- NNN Lease Structure: Minimal landlord responsibilities and predictable income.
- Long-Term Tenancy: Original owner/occupant since 2016 with over 5 years remaining on current lease term
- Healthcare Demand Drivers: Regional medical gravity, strong demographics, and growing outpatient care trends.
Executive Summary
Cushman & Wakefield’s Healthcare Capital Markets Team is pleased to present 4040 Medical Park Drive, a premier medical office investment opportunity in Odessa, Texas. This 9,305 SF outpatient facility is 100% leased to Pinnacle Dermatology, part of the QualDerm Partners family of practices with over 150 locations nationwide. Pinnacle’s triple-net lease runs through September 2031 with unlimited CPI annual escalations supported by a 2.00% floor.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
9,305 SF
Building Class
B
Year Built
2016
Price
$6,462,105 CAD
Price Per SF
$694.48 CAD
Cap Rate
6.48%
NOI
$418,797 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,305 SF
Building FAR
0.13
Lot Size
1.67 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R000210-086 | Improvements Assessment | $1,935,790 CAD |
| Land Assessment | $181,023 CAD | Total Assessment | $2,116,813 CAD |
Property Taxes
Parcel Number
R000210-086
Land Assessment
$181,023 CAD
Improvements Assessment
$1,935,790 CAD
Total Assessment
$2,116,813 CAD
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Pinnacle Dermatology | 4040 Medical Park Dr
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