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Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 8333 9th Ave is 9th Avenue Medical Plaza, a 25,077 SF multi-tenant medical office building on 4.23 acres in Port Arthur, Texas. Built in 2006, the plaza is 49% leased to Baptist Hospital Cancer Center, which recently extended its 12,359 SF gross lease through March 2028 with one remaining three-year renewal option at fair market value. The value-add thesis centers on 12,719 SF of vacancy across five suites ranging from 1,932 to 3,035 SF, with pro forma lease-up rents of $22/SF NNN. The offering includes 1.95 acres of undeveloped land for future expansion or ground-up development. The property sits on a medical corridor alongside The Medical Center of Southeast Texas, CHRISTUS St. Mary Outpatient Center, CenterWell Senior Primary Care, Prime Occupational Medicine and Exceptional Emergency Center, in a submarket with an 8.9% vacancy rate.
Due Diligence
Location
9th Avenue Medical Plaza sits at 8333 9th Ave in Port Arthur, within the Beaumont metro’s Golden Triangle and inside a three-mile radius of Jack Brooks Regional Airport. The site anchors a medical corridor with The Medical Center of Southeast Texas and CHRISTUS St. Mary Outpatient Center, near Central Mall retail, with 95,017 residents within five miles.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
