225 FWY VIEW

$199K Shopping Center (Houston, TX) For Sale building is 6000 sqft on a very busy street in Houston, Texas.  Foreclosure thus, the building is empty.  It has freeway view-ability which makes this building very appealing.

Repair Estimate: $70-80K

After Repair Value: $525K

After Repair Rents: 3900-4400 Monthly ($199+70 = $269K / 3900 = 14.4% Cap Rate)

Days on Market: 1  –  MOVE FAST !!!!! YOU NEED $$ I WILL GET YOU A BRIDGE LOAN BUT YOU NEED AT LEAST 30% DOWN – 9%-11% Interest no pre-payment penalty

NEED ADDRESS ??? SIGN commission protection agreement

Building


Type 2 Star Retail Freestanding
Center
GLA 6,000 SF
Stories 1
Typical Floor 6,000 SF
Building Ht
Ceiling Ht
Docks None
Construction Masonry

Explanation of Estimated Rents


Property Mix

Parking12 Surface Spaces are available; Ratio of 3.00/1,000 SF

Frontage103′ on E Main St (with 1 curb cut)

Taxes$0.63/SF (2016)
Opex
Total Expenses
Walk Score®Car-Dependent (49)
Transit Score®Some Transit (45)

Land


Land Acres0.29 AC
Bldg FAR0.47
Corner LotYes
Land SF12,632 SF
Dimensions
ZoningNone
Parcel 0422323000020411
2016 Assessment
Improvements
Land
Total Value
  $148,972
 $19.57/SF
 $2.50/SF
$11.79/SF
NEED ADDRESS ??? SIGN commission protection agreement

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s