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Werrington Plaza 21612-21650 Aldine Westfield Rd 25,200 SF 80% Leased Retail Building Humble, TX 77338 $4,300,000 ($170.63/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Surrounded by new developments, established neighborhoods, major retailers, George Bush International Airport & Lone Star College
- Average household incomes of $98,647 within a 5-mile radius and average home values of $308,034
- 205,476 residents within a 5-mile radius of site with a projected population of 211,856 by 2030
- HIGH TRAFFIC AREA NEAR FM 1960 | 24,675 VPD on Aldine Westfield 20,857 VPD on Treaschwig Rd
EXECUTIVE SUMMARY
Werrington Plaza Retail Center is a 25,200 square foot multi- tenant shopping center on ±3.3 acres located in Humble, Texas. The Center is located on Aldine Westfield Road & Treaschwig Rd. just ½ mile North of FM 1960. This center has excellent visibility and a large Pylon Sign on Aldine Westfield, including an LED Panel on the top of the sign.
Currently, the occupancy is approx. 80% Leased with 18,900 SF pad site adjacent to Jack in the Box for future development.
Currently, the occupancy is approx. 80% Leased with 18,900 SF pad site adjacent to Jack in the Box for future development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
25,200 SF
Building Class
B
Year Built
2007
Price
$4,300,000
Price Per SF
$170.63
Cap Rate
7.26%
NOI
$312,094
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.30 AC
Zoning
None
Parking
155 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1274730060067 | Improvements Assessment | $2,103,102 |
| Land Assessment | $1,218,666 | Total Assessment | $3,321,768 |
PROPERTY TAXES
Parcel Number
1274730060067
Land Assessment
$1,218,666
Improvements Assessment
$2,103,102
Total Assessment
$3,321,768
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Werrington Plaza | 21612-21650 Aldine Westfield Rd
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