Shopping Center Property For Sale - 7119 Hwy 6

7119 S Hwy 6, Houston, TX, 77083

 
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7119 Hwy 6

 

7119 S Hwy 6

Houston, Texas 77083
County: Harris
 
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  For Sale Active  
Property Use Type:Investment
Type:Shopping Center
Strip Center
GLA:12,740 SF
Occupancy:80.00%
Price:$1,700,000
Price/SF:$133.44
Year Built:2007
Net Lease Investment:Yes
Years left on Lease:2
Date Last Verified:11/24/2008
Property ID:15403384
 
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 Additional Information 

Property Description:
PRICE REDUCED!!!
Shopping center recently built, 1.5 story, great for owner occupy on 1 space and lease the rest.

Location Description:
Hwy 6 between Bellaire & Beechnut.

No. Stories:1Commission Split:3%
  Financial Summary Actual  
Year:2008
Scheduled Gross Income:$130,320
Effective Gross Income:$130,320
Operating Expenses:$37,000
Net Operating Income:$93,320
Pre-Tax Cash Flow:$93,320
 
  Major Tenant Information
Tenancy Type: Multiple
 
Retail (2800 sq ft)
SF Occupied: 2,800
Lease Expires: 7/1/2010
 
Upstairs Storage (2800 sq ft)
SF Occupied: 2,800
Lease Expires: 7/1/2010
 
Church (3500 sq ft)
SF Occupied: 3,500
Lease Expires: 12/1/2013
 
Private (1890 sq ft)
SF Occupied: 1,890
Lease Expires: 7/1/2011
 
Vacant (1750 sq ft)
SF Occupied: 1,750
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
10/23/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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