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11312 Cullen Blvd
Houston, TX 77047
Retail Property For Sale
Investment Highlights
- Retail center with 6 leases 100% occupied.
Executive Summary
6 Multi-Tenant Neighborhood Retail, Land Area: 13,650 SF, Building Area: 4,800 SF
RENT ROLL:
11312 Restaurant $1700 1.5yr lease
11310 Cullen Club Space $1300 year:lease
11308 Gym $750 m2m lease
11306 Tax Office Monthly Rent $750 yr-lease
11304 Tatoo shop $650 yr lease,
11302 Barbershop $650 yr lease
Total $5,800 Monthly Rent X12 = annual gross,
Tenant Pay: All Utilities & maintenance water $150/mon for all building,
?Taxes: /insurance $8,000 yr
RENT ROLL:
11312 Restaurant $1700 1.5yr lease
11310 Cullen Club Space $1300 year:lease
11308 Gym $750 m2m lease
11306 Tax Office Monthly Rent $750 yr-lease
11304 Tatoo shop $650 yr lease,
11302 Barbershop $650 yr lease
Total $5,800 Monthly Rent X12 = annual gross,
Tenant Pay: All Utilities & maintenance water $150/mon for all building,
?Taxes: /insurance $8,000 yr
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
4,800 SF
Building Class
C
Year Built
1980
Price
$599,000
Price Per SF
$124.79
Cap Rate
18.03%
NOI
$108,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.33 AC
Zoning
commercial - commercial retial
Parking
10 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 0862110000017 | Improvements Assessment | $225,172 |
| Land Assessment | $68,250 | Total Assessment | $293,422 |
Property Taxes
Parcel Number
0862110000017
Land Assessment
$68,250
Improvements Assessment
$225,172
Total Assessment
$293,422
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