19411 Mckay DrHumble, TX 77338

For Sale
$3,700,000

Owner-user opportunity, 21,169 SF

Overview

Added:
Dec 11, 2024
Days on market:
93
This three-story, 21,169-square-foot medical office building in Humble, Texas, presents a compelling owner-user opportunity. Located on a 2.46-acre lot at 19411 McKay Dr, 77338, across from Memorial Hermann Northeast Hospital, this property boasts a prime location on a major medical thoroughfare. Built in 2003, the building features high-quality masonry construction and is currently 89% occupied by five tenants, including Sleep Diagnostic Center, Northeast Dental Associates, and Cole Therapy Center. The asking price is $3,700,000, translating to $174.78 per square foot. A significant advantage for owner-users is the immediate availability of 8,739 square feet of leasable space (Suites 100, 150A, and 250). The current owner occupies Suite 100 (3,465 sq ft) and can vacate within months of closing. Additionally, the lease for Suite 250 (3,049 sq ft) allows for a 30-day notice termination. The remaining space has lease expirations in 2026, with renewal options extending to 2031. This allows for a phased occupancy strategy, combining immediate use with future expansion potential. The gross lease structure provides a stable rental income stream to offset operating expenses and mortgage payments. This below-replacement-cost offering represents an exceptional value in a high-demand medical market. The property's APN is 1225980010001.

Highlights

  • Excellent location on a major medical thoroughfare in Humble/Kingwood, directly across from Memorial Hermann Northeast Hospital.
  • Below-replacement-cost pricing at $175 per square foot.
  • Owner-user opportunity: 8,739 square feet immediately available; remaining space available in 2026 or 2031.
  • High-quality masonry construction, built in 2003.

Property Details for 19411 Mckay Dr

Property type
Other office properties, Medical offices
Square Feet
21,169 SF
Year Built
2003
Buildings
1
Stories
3
Lot Size (sq. ft)
107,158 SF
Units
1

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
29.99947211822
Longitude
-95.275566957803
19411 Mckay Dr, Humble, Texas

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19411 Mckay Dr
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