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Point West Center 5700 S Gessner Dr 80,527 SF 100% Leased Retail Building Houston, TX 77036 $12,750,000 ($158.33/SF) 7.62% Cap Rate
Investment Highlights
- Grocery Anchored Center w/ Long Term Lease
- New Roof on the Retail Center excluding Anchor & Pad
- High Traffic Signalized Intersection
- Below Market Rents
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
80,527 SF
Building Class
C
Year Built/Renovated
1979/2019
Price
$12,750,000
Price Per SF
$158.33
Cap Rate
7.62%
NOI
$971,769
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
5.53 AC
Zoning
none - n.a
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1052550000002 | Improvements Assessment | $2,941,909 |
| Land Assessment | $2,516,720 | Total Assessment | $5,458,629 |
Property Taxes
Parcel Number
1052550000002
Land Assessment
$2,516,720
Improvements Assessment
$2,941,909
Total Assessment
$5,458,629
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Point West Center | 5700 S Gessner Dr
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