Dr. Robert S. Bell bought the 5215 Hollister St. property in2003 and began renovating the former light-industrial building,developed in 1979, into the surgery center. "He gutted it all theway down and redid the entire thing from the ground up," says RossCannizaro in Marcus & Millichap Real Estate InvestmentBrokerage Co.'s Houston office. He tells GlobeSt.com that therenovation made sense because "to build something brand new cancost approximately $350 per sf. He bought that empty building a fewyears ago for probably well under a million, gutted it down to thestruts, turned it around and made it like new."

The sale price and the ask weren't available, but local expertssay similar buildings sell for $250 per sf, on average. Theproperty is assessed at $840,000 by Harris County.

Cannizaro says Bell placed the building on the market due topartnership issues. A two-week marketing yielded six legitimateoffers, he adds.