Woodlands Medical Office - 411 Lantern Bend Drive Houston, TX 77090

Minimum Investments Starting At $150,000.00

Property Information:

• Property Name: Woodlands Medical Office I
• Rentable SqFt: ± 48,750.00
• Purchase Price: $13,440,000.00
• Price per SqFt: $275.69 /sqft
• Equity: $6,712,000.00
• Loan Amount: $6,728,000.00
• Loan-to-Value: 50.06%
• Percent Occupied: 100.00%
• Type: Two, Class A, medical office buildings

Property Description:
Woodlands Medical Office I consists of two, single-story, Class A medical office buildings in Houston. The Property sits on approximately 5.016 acres and contains approximately 48,750 rentable square feet. Woodlands Medical Office I is located on Lantern Bend Drive, directly off the major intersection of Interstate 45 (I-45) and Farm Market 1960 (FM 1960). I-45 is the major north/south artery for the area and FM 1960 is the major artery that runs east/west, providing direct access to US Highway 59 and the Beltway 8. The Property is only minutes from US 290, Sam Houston Parkway, and State Highway 249, placing it a mere 20 miles from downtown Houston. Woodlands Medical Office I is conveniently located within one mile of three hospital facilities.

Top Tenants by Total Rent:
Currently, the Property is being leased by four strong tenants, with long-term leases. The four tenants are Woodlands North Houston Heart Center, IKP Family Medicine, Northwest Oral & Maxillofacial Surgery, and Respiratory & Sleep Disorder Association.

Please contact me for a full marketing brochure and further information regarding this investment.