MedProperties Realty Advisors Acquires Medical Office Building In Tomball From Bryant & Stacy Group
155 School St Tomball, TX 77375, USA
Building Size
61,660 SF
Asset Type
Medical Office
Closing
Jun 15, 2023
AI
MedProperties Realty Advisors has acquired the Medical Center of Tomball, a 61,660-square-foot medical office building in Tomball, Texas. The Class A facility, sold by Bryant + Stacy Group, is 92% leased and located near multiple medical centers in the area.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 155 School Street, Tomball, Texas
- Market: Tomball
- Square Footage: 61,660
The buyer, MedProperties Realty Advisors, was represented by Darryl E. Freling of the same company. The seller in this transaction was Bryant + Stacy Group.
Texas Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93