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Gulf Freeway Center 20610 Gulf Fwy 25,640 SF 100% Leased Retail Building Webster, TX 77598 $7,111,407 ($277.36/SF) 6.75% Cap Rate
Investment Highlights
- BEST IN CLASS, CREDIT TENANCY
- PROXIMITY TO BAYBROOK MALL
- RECENT RENOVATIONS & FAÇADE UPGRADES
- SERVICES MAJOR ESTABLISHED HOUSTON SUBMARKET - CLEAR LAKE/WEBSTER
- FREEWAY FRONTAGE ALONG I-45, HOUSTON’S PRIMARY NORTH-SOUTH THOROUGHFARE
Executive Summary
FOR SALE: TWO TENANT RETAIL CENTER W/ LONG TERM LEASES IN PLACE | BEST IN CLASS TENANCY | HOUSTON, TX
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,640 SF
Building Class
B
Year Built/Renovated
1983/2022
Price
$7,111,407
Price Per SF
$277.36
Cap Rate
6.75%
NOI
$480,020
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.85 AC
Zoning
None - N/A
Parking
72 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
351’ on Gulf Fwy
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1329730010001 | Improvements Assessment | $1,899,100 |
| Land Assessment | $1,932,504 | Total Assessment | $3,831,604 |
Property Taxes
Parcel Number
1329730010001
Land Assessment
$1,932,504
Improvements Assessment
$1,899,100
Total Assessment
$3,831,604
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