Pediatric Associates Medical Property — Sale in Wichita Falls, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Wichita Falls, TX 76302
  • Year built: 2015

Photos

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Investment Figures

Cap rate
9.07%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a newer-construction medical office investment in Wichita Falls, Texas, offered at $2,650,000, representing an attractive 9.07% capitalization rate. The offering equates to approximately $245 per square foot based on the 10,796-square-foot building and approximately $13.73 per square foot based on the property's 4.43-acre site that is also zonned industrial. The property is secured by an established medical tenant with approximately 6 years and 5 months of remaining lease term, extending through February 28, 2033. Lease obligations are backed by North Central Texas Community Health Care Center, Inc., an established regional nonprofit healthcare organization and Federally Qualified Health Center serving the North Central Texas market. The lease structure also features minimal landlord responsibilities, providing ownership with a relatively passive investment profile and limited ongoing operational obligations. The asset is situated on approximately 4.43 acres, with a significant portion of the site providing additional value-creation potential. The excess land is already zoned for industrial use, creating the opportunity to potentially parcel off and sell a portion of the site or develop additional industrial product alongside the existing medical investment. The property further benefits from newer construction, a specialized medical-use configuration, and an established multi-provider pediatric practice. With a 9.07% going-in yield, approximately 6 years and 5 months of remaining lease term, regional healthcare guaranty, minimal landlord responsibilities, and industrial-zoned excess land, the offering combines stabilized current income with a compelling embedded value-add component. Investment Highlights: • Early Five-Year Lease Extension Through February 2033 • Lease Guaranteed by North Central Texas Community Health Care Center, Inc. • 10,796.5 SF Purpose-Built Medical Facility on 4.43 Acres |

Market Context

This office in Wichita Falls, TX is listed for sale. It is offered at an approximate 9.1% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2015. Compare it against other office listings for sale in Wichita Falls, TX — view the full market.

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