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1240 Clear Lake City Blvd, Houston, TX, 77062

Qoros
$8,356,688

Key Information

Cap Rate
6.25%
$ per SF
$529
Tot. SF
15,807
Year Built
2000/R 2022
Term Remaining
±12.24 YRS
Type
Healthcare
Occupancy
100%
NOI
$504,718

Highlights

  • State of the Art Redevelopment – Delivered in 2024, the property was repurposed to accommodate the tenant’s specialized cardiology services. The facility features two operating rooms, enabling the tenant to perform a wide range of surgical procedures on-site. According to ownership, the tenant invested approximately $3.2 million.
  • Integrated Care Under One Roof – By combining an Ambulatory Surgery Center (ASC) with an Office-Based Lab (OBL), this facility allows QOROS to deliver a comprehensive spectrum of outpatient cardiovascular care, ranging from diagnostic procedures to advanced interventions, in a single, integrated location. The facility is comprised of approximately 42% ASC, 28% OBL, and 30% administrative space.
  • Recession-Resistant Asset Class – The non-discretionary nature of medical care and its resilience during economic uncertainty has made healthcare real estate a strategic focus for both institutional and private investors nationwide.
  • Long-Term NNN Lease – The tenant signed an original 14-year lease in 2024, demonstrating its long-term commitment to the location. The lease also features a passive net lease structure with minimal landlord responsibilities.

*Andrew Fagundo, Michael Moreno, Tyler Swade and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).

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Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225