University of Texas Medical Branch

 Other Medical / Posted 4 months ago by Ed Colson, InvestCore Commercial, Inc. / 188 views

  • Price : $6,945,000
  • Cap Rate : 5.15%
  • Net Operating Income : $357,670
  • Tenant : University of Texas Medical Branch
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 10
  • Building Size (SF) : 13,255
  • Land Area (SF) : 38,768
  • Year Built : 2018

Investment Highlights:

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

Medical District

  • 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.

195 N 11th StreetBeaumont,Texas,United States,77702

Ed Colson
InvestCore Commercial, Inc.

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