Available Property

Memorial Hermann Hospital System
Sam Houston Pkwy & West Lake Parkway
Humble, Texaas
$14,375,000

The subject property is a new medical office building fully leased to Memorial Hermann Healthcare System serving northeast Houston. Memorial Hermann is the largest not-for-profit healthcare system in Texas serving greater Houston and the surrounding areas. The property consists of a single story 30,000 sf office building on 2.82 acres of land at the busy intersection of Beltway 8 & West Lake Houston Parkway in Humble, Texas. The building is constructed of reinforced masonry block with a concrete parking lot. This facility will offer 24 / 7 Emergency Room and Urgent Care as well as Sports Medicine - Rehabilitation, and multi-speciality physicians. The Seller is providing tenant a $1,500,000 allowance while the tenant is investing $7,500,000 of their own capital.

Tenant: Memorial Hermann Hospital System.
Memorial Hermann is the largest not-for-profit healthcare system in Texas and serves the greater Houston community through 11 hospitals, a vast network of affiliated physicians and numerous specialty programs and services. Our facilities include: Memorial Hermann-Texas Medical Center, the teaching hospital for The University of Texas Medical School at Houston and home of the nation’s busiest Level I trauma center; eight suburban hospitals; three premier Heart & Vascular Institutes; TIRR Memorial Hermann, one of the nation’s top rehabilitation and research hospitals; Children’s Memorial Hermann Hospital; the Memorial Hermann Sports Medicine Institute; the Mischer Neuroscience Institute; eight comprehensive Cancer Centers; 21 Imaging Centers; eight Breast Care Centers; 10 surgery centers; 25 sports medicine and rehabilitation centers; 19 diagnostic laboratories; and PaRC, a substance abuse treatment center. Memorial Hermann also operates the Life Flight® air ambulance program as well as the city’s only burn treatment center. Our new subsidiary MHealth offers administration of self-funded healthcare benefits plus occupational medicine and wellness services in addition to new cost-effective health insurance plans underwritten by UniCare Life & Health Insurance Company, providing employers and individuals a way to cut healthcare costs without cutting quality. Memorial Hermann performs more brain and neurosurgeries than anyone else in Houston and some 50,000 heart procedures each year. By establishing the nation’s first complete, citywide Chest Pain Center network and the region’s largest Stroke Network, we offer the community quicker access to life-saving care -- and more breakthroughs every day.