For Sale: Offers Requested – Trophy Medical Office Portfolio in Greater Houston

OFFERS REQUESTED BY THURSDAY, DECEMBER 8TH, 2016 – 5:00 PM CST

CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire the North Cypress Medical Center Portfolio (the “Portfolio”), a 366,380 rentable square foot collection of trophy medical office assets located in one of Houston’s fastest growing corridors. The Portfolio consists of four medical office buildings, of which 86% of the rentable square footage is located on the hospital’s flagship campus, and a parking garage. North Cypress Medical Center (“NCMC”) is a 175-bed state-of-the-art general acute care hospital which opened in 2007 as a physician-owned inpatient facility and now boasts over $1.7 billion in annual patient revenues with 68,000 outpatient visits per year (Source: AHD.com).

Investment Highlights

  • Highly Profitable Operator – 15-Year Leaseback
  • Rare Trophy Product
  • Inpatient Connectivity
  • Houston Growth Corridor
  • Significant Capital Investments by Tenancy
  • Delivered Free and Clear of Any Debt
Price Best Offer
Number of Buildings Four (4)
Total Size 366,380 SF
Percentage Leased 100%
In-Place NOI $7,764,934

Property Website

Confidentiality Agreement

Contact Information

CBRE U.S. Healthcare Capital Markets Group

Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com

Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com

Karen Vinsko
Associate Director
+1 214 476 1135
karen.vinsko@cbre.com

CBRE Houston Healthcare Services

Nelson Udstuen
Vice President
+1 713 577 1716
nelson.udstuen@cbre.com

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In