Central EaDo Second-Generation Healthcare

Houston, TX

Property Overview

Summary

Lease Price: $32 NNN
Building Size: 5,591 SF
Land Size: 0.80 Acres

Investment Overview

Oldham Goodwin Group is pleased to present this second-generation dialysis/healthcare building located in the heart of Houston’s East Downtown (EaDo) for your consideration. Built in 2005 as a build to suit Davita Dialysis, the 5,591 SF building sits on 0.80 acres in the EaDo submarket; one of Houston’s most rapidly evolving districts. The property is located within two miles to the Houston Central Business District. Convenient access to major highways I-45 and US 59/I-69 within 1-mile benefit employees, customers, and patients. The location in the heart of EaDo, adjacent to city center neighborhoods of Midtown, the Downtown/Central Business District, the University of Houston and Texas Southern University; make 3150 Polk Street ideal for nearly any occupant looking for a location in one of the most exciting locations in Houston.

Property Highlights

No known restrictions, preserving flexibility for medical, office, or retail repositioning

The space benefits from existing medical/dialysis buildout, potentially reducing conversion costs for any user or offering a plug-and-play opportunity for a healthcare user.

Priced competitively at $85.74/SF to the dirt for site redevelopment

4.5% annual population growth from 2020-2025 within 1 mile (CoStar)

Predicted population growth of 9.43% between 2025-2030 (CoStar)

Average Household Income well above Houston and Texas averages

3-mile population of 166,000, 5-mile population of 424,000

Daytime employment of nearly 200,000 within 3 miles, more than 477,000 within 5 miles (CoStar)

1.3 Miles to Downtown Houston, 2.4 miles to Midtown Houston, 1.5 miles to the University of Houston, 2.4 miles to Texas Southern University

Convenient I-45 & US-59/I-69 access

Less than a mile to Shell Energy Stadium, 1.5 miles to Daikin Park, 1.4 miles to Toyota Center & 1.3 miles to George R. Brown Convention Center

500,000+ SF of active mixed-use construction and hundreds of new residential units, signaling sustained tenant and customer demand