203 North College Avenue, Cleveland, TX 77327
203 North College Avenue | Cleveland, Texas
We are pleased to present CPC Medical Plaza, a fully leased multi-tenant medical office investment located in Cleveland, Texas within the Houston metropolitan growth corridor. The property consists of approximately 19,110 square feet and is 100% occupied by a diversified mix of healthcare tenants, including a long-term pediatric anchor tenant with lease stability through 2041. The asset generates approximately $247,200 in annual income and is offered at $2,895,000, equating to approximately $151 per square foot.
This pricing represents a discount to comparable medical office transactions across the Houston MSA, which are typically trading between $160 and $180 per square foot. The tenant mix includes pediatrics, cardiology, imaging, behavioral health, and general medical services, creating a stable and synergistic healthcare environment with strong long-term demand fundamentals. This offering presents an attractive opportunity for investors seeking a stabilized healthcare asset with immediate income, long-term tenancy, and the potential for rental upside through lease renewals and repositioning.
| Building Size | ±19,110 SF |
| Occupancy | 100% Leased |
| Annual Income | ~$247,200 |
| Price/SF | ~$151/SF |
| Asset Type | Medical Office |
Strategically located within the expanding Houston metropolitan growth corridor, benefiting from:
Rhonda Hicks, MBA
RE/MAX Premier Houston
The RE/MAX Collection | RE/MAX Commercial
281-798-7741
[email protected]
We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.
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