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1424 FM 528 rd 6,250 SF 100% Leased Retail Building Webster, TX 77598 $1,159,000 ($185.44/SF) 7.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Building is located on W Nasa Parkway which is a major thoroughfare for Webster and the most trafficked street in the city, with over ±39,000 VPD.
- Delivered in 2018, the property benefits from modern construction standards, limiting near-term capital expenditure requirements for future ownership.
- Current population in a 5 mile radius of this asset is 187,000 and expected to grow .5% over the next 5 years.
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,250 SF
Year Built
2000
Price
$1,159,000
Price Per SF
$185.44
Cap Rate
7.43%
NOI
$86,097
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1384440020002 | Improvements Assessment | $796,154 |
| Land Assessment | $243,846 | Total Assessment | $1,040,000 |
PROPERTY TAXES
Parcel Number
1384440020002
Land Assessment
$243,846
Improvements Assessment
$796,154
Total Assessment
$1,040,000
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1424 FM 528 rd
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