Detail.aspx

Want cash flow, consider these consolidated multiple shopping centers with long term tenants in place.  Not only do you receive the 8.8% Cap Rate, you also receive the 8 acres of land for a tremendous growth potential to exceed over 15%.

Need address please sign commission protection agreement or contact me at 832-305-7653 .

8AC | 41K SF RBA | CORNER LOT | DEV. OPPORTUNITY Development Opportunity with a mix of existing retail and storage. This center has excellent visibility, high traffic counts and easy access to I-45. Tenancy: Multi-Tenant. Tremendous upside potential. Utilities: Power,Water,Phone, Trash 13 Miles to IAH and Miles to Hobby.

For Sale

Price: $5,000,000 (firm)
Cap Rate 8.80%
Sale Type Investment
Status Active
Last Updated Dec 5, 2017
Update

Building

Type 3 Star Retail (Neighborhood Center)
GLA 41,150 SF
Stories 1
Typical Floor 41,150 SF
Year Built 2010
Tenancy Multi
Owner Occup No
Parking 550 Surface Spaces are available; Ratio of 13.37/1,000 SF
Frontage
Taxes$1.92/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Some Transit (37)

Land

Land Acres8.00 AC
Bldg FAR0.12
Land SF348,480 SF
2016 Assessment
Improvements
Land
Total Value
 $2,588,362
 $1,093,022
$3,681,384
 $62.90/SF
 $3.14/SF
$10.56/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 2-4 Star
4.7%
0.7%
Market Overall
5.3%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$14.47
7.4%
Market Overall
$16.56
4.5%

Submarket Leasing Activity

12 Mo. Leased SF
129,144
38.7%
Months on Market
12.7
5.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$4.9
$18.2
12 Mo. Price Per SF
$325
$207

 

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 )

Google+ photo

You are commenting using your Google+ 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 )

Connecting to %s