Northmarq arranges sale and finance of Houston Methodist Primary Care Group facility in Cypress, TX

CYPRESS, Texas (April 25, 2025) — Northmarq’s Tulsa Commercial Investment Sales team led by David Annett and St. Louis Debt + Equity team led by Jada Purchase successfully completed the sale and financing of the Houston Methodist Primary Care Group facility at 14044 Spring Cypress Road in Cypress, Texas.

Northmarq represented the buyer, Maple Street Management. The seller was Caldwell Companies. The transaction was part of a 1031 Exchange. The deal featured investment sales and financing collaboration through Northmarq’s Net Lease Financing team.

“Hospital system healthcare real estate offers really attractive risk adjusted returns for investors,” Annett said. “We’re seeing returns superior to those in most retail deals while getting substantial subsidiaries of investment grade credits. This should be a really good one for our buyer long-term.”

Northmarq arranged financing on behalf of Maple Street Management through a correspondent relationship with a financial institution. The transaction was structured on a 5-year fixed rate term with a 30-year amortization schedule.

“Another financing for our lender and purchaser client,” Purchase said. “We unlocked top-dollar value and solid cashflow through strong collaboration. I am thrilled we were able to arrange this financing for our client.”

Houston Methodist Primary Care is an 8,238-sq.-ft. single tenant medical office building and primary care facility. Sitting on 0.9 acres of land and built in 2016, it is home to medical services from preventative care to diagnosis and treatment for acute or chronic conditions with a team of board-certified physicians.

The facility boasts a location on the corner of Spring Cypress Road and Grant Road, where roughly 36,000 vehicles pass by each day. Other nearby businesses include a Chick-Fil-A, H-E-B groceries and fuel, Domino’s, Smoothie King, Wing Stop, Wink Family Eyecare and more. It is part of the Cypress community with excellent access to employment, education and healthcare, with roughly 207,000 people within a five-mile radius. It is situated with close proximity to U.S. Highway 290 and is roughly 24 miles northwest of downtown Houston.