Quality Infusion Inks Southwest Center Sale-Leaseback

NHP Houston MOB LLC acquired an eight-story medical building at 6671 S. U.S. Highway 59 from Quality Infusion Care Inc. The property is believed to have sold for more than $22.9 million, or between $150 and $175 per square foot, according to reports. Built in 1984 and renovated in 2006, the building is on a 2.14-acre lot, immediately south of the intersection of U.S. 59 and Hillcroft. This building includes a four-story attached garage in the rear of the property. Reportedly, at closing of the sale, the seller executed a master lease for the entire property leasing back the property for 10 to 15 years, absolute triple net. Plans are under way to convert the building into a multi-tenanted medical office building. Upon completion, the building will include tenants such as Day Surgeon Center, Sleep Center, Infusion Center and physician offices. David Greenberg of Greenberg & Co. represented the seller. Preston Shatto and Monte Lowery of Marcus & Millichap represented the buyer. Please refer to CoStar COMPS #1380192 for more information on this transaction. For more information see: www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net