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Browse More Listings in Shopping Center For Sale, Houston, TX or Texas

Shopping Center For Sale

5514 Airline

5514 Airline, Houston, TX 77076

Price:
$4,195,500
Gross Leasable Area:
18,851 SF
Price/SF:
$222.56
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Retail (Other)
Property Use Type:
Investment
Cap Rate:
9%
Tenancy:
Multiple

Last Verified 5/27/2009 Listing ID 15981914

Description

- 3% OUTSIDE BROKER COMMISSION
-Strong Tenant Mix Shopping Center
-Attractive Assumable Financing: Non Recourse Loan
-Strong Demographics
-Ample Parking
-Tenants Include: Dentist, Tax Service, Consumer Loans, Insurance Agency, Web Hosting & Vitamin Store, Restaurant, Ice Cream Shop, Pizza Shop, Nail Salon, Eye Clinic

-Must Assume Loan: $2,892,000
-Interest Rate on Loan: 5.75%
- 1 Mile Demographic: 19,921
- 3 Mile Demographic: 135,322
- 5 Mile Demographic: 349,787

*The offer to sell this property is subject to withdrawal by seller at any time*

Financial Summary

Actual
Net Operating Income
$360,021

Map of 5514 Airline, Houston, TX 77076 (Harris County)

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Presented by

Paramount Properties, Inc.

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Contact Listing Broker

Jennifer Lee (713) 772-3727

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Created 11/10/2008

Additional Information for 5514 Airline Drive, Houston, TX 77076

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 5514 Airline, Houston, TX 77076

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Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Stonefield Crossing
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Mesa Tidwell Shopping Center
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1,500 - 2,700 SF
Tidwell Center
$0.40/SF/Month
1,500 SF
Jensen Square Shopping Center
$0.50/SF/Month
1,500 - 5,375 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Strip Center
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Sold 3Q 2006
Strip Center
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Strip Center
Sold 4Q 2005

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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Shopping Center Property For Sale - Airline Shopping Center

5514 Airline, Houston, TX, 77076