Overview
Berkadia’s Medical & Life Sciences is pleased to exclusively offer the Texas Metro Medical Portfolio (“TMM Portfolio” or alternatively, the “Properties”), two recently completed, purpose-built, Class-A outpatient medical buildings totaling 75,073 square feet in the Dallas and Houston MSAs.
The TMM Portfolio is 100% leased on a triple-net (NNN) basis with a weighted average remaining lease term of over five years and weighted average escalators of 2.2%. Investment grade-credit health systems, Memorial Hermann (Moody’s ‘Aa3’) and Texas Health Resources (Moody’s ‘Aa2’) lease a combined 63% of the Properties.
The TMM Portfolio offers the opportunity for an incoming investor to benefit from steady reliable cash flows from world class health systems in two of the top five MSAs. The Portfolio is offered free and clear of any existing debt.
Investment Highlights
- Two, Purpose Built Medical Outpatient Buildings Located in Top 5 MSAs
- Memorial Hermann Sports Park Located on the Campus of Memorial Hermann Katy Hospital
- 100% Leased with 5.5 Years of WALT and 2.2% Average Escalators (9.6 Years WALT with Memorial Hermann renewal)
- 63% leased to Investment Grade-Credit, Health Systems
- Newer Construction, Institutionally Maintained Assets with Minimal Required Cap Expenditures
- Complementary Tenant Mix Including Cardiology, Orthopedics, and Imaging
- Easily Accessible, Amenity Rich Locations
- Offered Free & Clear of Existing Debt
PORTFOLIO OVERVIEW
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