The team of Saber Street and Virtus Real Estate Capital landed a $41.1 million refinancing on a 102,000 square foot medical outpatient facility in Hedwig Village, near Houston. Commercial Edge reports that First Citizens Bank provided the note.
Completed in 2019, the five-story building has floorplates averaging 20,400 square feet, along with 7,000 square feet of retail space. The property also has 400 parking spaces and ambulatory surgical centers. Texas ENT Specialists, Memorial Plastic Surgery and Neurosurgical Group of Texas anchor the property. Other medical providers in the area include Memorial Hermann Memorial City Hospital, Parker Nickolas Read Dental and AOK Spine and Pain
Located at 8731 Katy Freeway, the facility provides direct access to Interstate 10 and is 1 mile from Hedwig Village’s city center. Downtown Houston is less than 10 miles away, while George Bush Intercontinental Airport is 27 miles northeast.
The post Investor Duo Obtain Refi on 102K-SF Houston-Area MOB appeared first on Connect CRE.
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