Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1984
Building Area
Occupancy 59.0 %
Last Updated Date 09 May 2019

Property Description

The three-story property is currently 59.8% occupied, was delivered in 1984 and features 228 surface spaces for a 3.73 per 1,000 square foot parking ratio. Recent renovations at 11301 Fallbrook total over $750,000 and include a new roof, elevator upgrade, RTU replacement, wet seal and white-box of all vacant suites, allowing for minimum tenant improvement allowance and expedited occupancy. Over 90% of the tenants in the Property operate in the healthcare field and benefit from a location adjacent to the HCA Houston Healthcare Cypress Fairbanks Hospital and Kindred Hospital Houston Northwest. Immediate upside is available by leasing the remaining 24,592 square feet of vacant space and marking current tenants to market rates upon expiration.

Investment Highlights

  • HFF L.P., as the exclusive representative of the owner, is pleased to offer a 100% fee simple interest in 11301 Fallbrook Dr.,a
  • 61,165 square foot, Class B medical office building located in the FM 1960 submarket of northwest Houston.
Martin Hogan
Martin Hogan
Senior Director, Capital Markets
License details
TX-0538781
Bryan Strode
Analyst

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