Pediatric Center Medical Outpatient Building
1300 Main Street, Richmond, Texas | $4,500,000
A buyer with a time-sensitive tax objective and property data that supported above-market income helped this pediatric building close on an accelerated schedule.
The sale of 1300 Main Street moved from signed contract to closing in only 30 days. That speed was possible because the buyer’s timing, the seller’s execution and the evidence supporting the price all aligned.
Zeustra identified the buyer through its private medical real estate marketplace. The buyer had a time-sensitive tax objective, creating a reason to act quickly. Zeustra maintained momentum while keeping the transaction focused on the agreed terms.
Pricing was the more unusual part of the story. Local comparable rents were closer to $20 per square foot, yet the buyer paid a capitalization rate based on $30 per square foot. Zeustra’s medical property data supported the building’s income profile, market position and durability through underwriting and appraisal. That evidence helped the valuation survive scrutiny despite the gap from surrounding rent comparables.
The pediatric outpatient building sold for $4.5 million. Fast closings are not produced by urgency alone. They depend on finding a buyer with a clear motivation and giving every participant enough reliable information to make decisions without avoidable delay.
Considering a sale of physician-owned or healthcare real estate? Contact Zeustra to discuss valuation, timing and the buyer strategy for your property.
