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1110 W Gray St
Houston, TX 77019
Rêve at Montrose · Retail Property For Sale
Investment Highlights
- Property is 100% occupied by three high-quality medical tenants for essential healthcare services (emergency care, plastic/aesthetic surgery, and rest
- Prime Montrose Location with Excellent Visibility & Access
- Houston Landmark Benefits
- Anchored by 24 Hour Montrose Emergency Center, the area benefits from being only one of three 24-hour emergency rooms within a 3-mile radius
Executive Summary
Built in 1972 and renovations completed in 2020, Reve at Montrose, located at 1110 W Gray in the heart of Montrose, is an excellent opportunity to acquire a 100% occupied medical retail site with a diverse tenant mix. The property is a two-story building, comprised of 17,230 SF and sits on 33,976 SF of land. With significant frontage on both W Gray and Montrose Boulevard, the center is in close proximity to significant class A multi-family developments, the Texas Medical Center, and Midtown.
Tenants include a state-of-the-art 24 Hour Montrose Emergency Center which comprises 63% GLA. The other 37% is occupied by Arike Aesthetics and Restore Dental. For more information, please use this link: 1110WestGraySale.com
Tenants include a state-of-the-art 24 Hour Montrose Emergency Center which comprises 63% GLA. The other 37% is occupied by Arike Aesthetics and Restore Dental. For more information, please use this link: 1110WestGraySale.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,230 SF
Building Class
B
Year Built/Renovated
1972/2020
Price
$13,290,900
Price Per SF
$771.38
Cap Rate
7%
NOI
$930,364
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.78 AC
Zoning
None
Parking
34 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 1402870010001 | Improvements Assessment | $3,714,991 |
| Land Assessment | $4,094,520 | Total Assessment | $7,809,511 |
Property Taxes
Parcel Number
1402870010001
Land Assessment
$4,094,520
Improvements Assessment
$3,714,991
Total Assessment
$7,809,511
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