Description:  Portfolio of 3 Properties sold as a bundle.  #1 Apartment Complex with 6 units, #2 Shopping Center with 3 Retail Units, #3 Apartment Complex with 8 Units.  100% occupied and generating over $10,000 a month all together.  They are all right next to each other inside the innerloop area of Houston.  Close to the medical center.  Cap Rate is at 6% at $2M.   Need address: Sign commission protection agreement

#1 Apartment Complex is next to a new Family Dollar also for sale for $1.8M  at a 6% Cap Rate – NOT ASSOCIATED WITH THIS PORTFOLIO.

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Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 3-5 Star
5.0%
0.1%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 3-5 Star
$16.97
10.4%
Market Overall
$16.50
3.8%

Submarket Leasing Activity

12 Mo. Leased SF
152,879
21.8%
Months on Market
9.7
9.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$2.8
$5.7
12 Mo. Price Per SF
$169
$121
1 Mi 3 Mi
Population
18,334
142,213
Households
6,085
51,493
Average Age
35.30
34.70
Median HH Income
$29,970
$35,814
Daytime Employees
3,278
75,814
Population Growth ’17-’22
9.1%
8.7%
Household Growth ’17-’22
8.9%
8.9%
Collection Street Cross Street Traffic Vol Year Distance
1,530
2016
0.09 mi
 Blvd
5,370
2016
0.10 mi
Blvd
6,100
2016
0.20 mi
 Blvd
14,793
2016
0.23 mi
 Blvd
10,830
2016
0.24 mi
Property ID: 9923867

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