Financially Sound Tenant in University of Texas Medical Branch
- Over $2.2B in Total Revenue (FY2017)
- UTMB has a $3.3 billion annual statewide economic impact
- Total Endowments of over $540M (FY2017)
Newly Redeveloped Building and Improvements
- Tenant and Landlord spent over $3M in the redevelopment of the existing building.
- Tremendous security with the tenant’s significant investment into the building and tenant improvements
Highly Recognized Tenant With 125+ Year History in Texas
- Since opening in 1891, UTMB has stood with Texas—training the health care workforce; helping make the state a leader in advancing the understanding and treatment of illness and injury; serving as a major provider of health care for Texans and their families; and innovating the future of how care is delivered.
- What began as one hospital and medical school building in Galveston is now a major academic health sciences center of global influence, with medical, nursing, health professions and graduate biomedical schools; a world-renowned research enterprise; and a growing, comprehensive health system with hospitals on four campuses and a network of clinics.
High Traffic Counts
- 132,577 cars per day along Interstate 10
- 22,380 cars per day at the signalized intersection
- UTMB is situated directly in the middle of a Medical District housing a number of local and regional medical facilities, offices and hospitals.
- CHRISTUS Southeast Texas Hospital – Largest Magnet hospital between Houston and Baton Rouge.
- Baptist Hospitals of Southeast Texas – Served Southeast Texas for over 65 years, growing to over 1500 employees.
Well Located – Excellent Demographics
- UTMB is ideally located just west of Interstate 10 and benefits from its location near the highway situated at the signalized intersection of two major thoroughfares.
- Benefits from its densely populated trade area with 111,484 people within the 5-mile radius.
Brand New Long-Term NNN Lease
- An investor will benefit from the long term, 10-year, NNN lease.
- Minimal Landlord responsibilities, ideal opportunity for any passive investor.