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Sagemont Plaza 11502-11600 Hughes Rd 26,806 SF 88% Leased Retail Building Houston, TX 77089 $3,768,984 CAD ($140.60 CAD/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Internet resistant tenant roster
- 9%+ Cap rate after 100% stabilization
- Prime Value add opportunity
- Excellent location with a mile from the 45 south and beltway 8 interchange
EXECUTIVE SUMMARY
PRIME VALUE ADD OPPORTUNITY! ROM Commercial Properties representing internet resistant multi-tenant building located at 11502 Hughes Road in Houston, Texas. This 26,806 SF property sits on ±1.5 acres along with close proximity and visibility to Beltway 8 and traffic counts exceeding 100,000 vehicles per day. The site offers exceptional visibility and access within the fifth-largest metro area in the U.S.
Two largest tenants have been at the center over 7 years. Room of rent growth as rents are 25% below market.
Priced well below replacement value. Large parking field with outparcel building construction and pad building possibilities.
Proforma cap after 100% occupancy stabilization at over 9%+ cap rate.
Two largest tenants have been at the center over 7 years. Room of rent growth as rents are 25% below market.
Priced well below replacement value. Large parking field with outparcel building construction and pad building possibilities.
Proforma cap after 100% occupancy stabilization at over 9%+ cap rate.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,806 SF
Building Class
C
Year Built
1974
Price
$3,768,984 CAD
Price Per SF
$140.60 CAD
Cap Rate
7.26%
NOI
$273,647 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.91 AC
Zoning
F1
Parking
121 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cortney Allen
- Retailer
- -
- -
- -
- Elite Gymnastics
- Educational Services
- -
- -
- -
- Ms. Vida's 3D Discovery Kids
- -
- -
- -
- -
- Nails By Nicole
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cortney Allen | Retailer | - | - | - | ||
| Elite Gymnastics | Educational Services | - | - | - | ||
| Ms. Vida's 3D Discovery Kids | - | - | - | - | ||
| Nails By Nicole | Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,200 SF
- Retail
- In-Line
- Now
- 1st Floor
- 1,200 SF
- Retail
- In-Line
- Now
- 1st Floor
- 940 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | In-Line | Now |
| 1st Floor | 1,200 SF | Retail | In-Line | Now |
| 1st Floor | 940 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 940 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0440640000069 | Improvements Assessment | $3,763,392 CAD |
| Land Assessment | $941,126 CAD | Total Assessment | $4,704,518 CAD |
PROPERTY TAXES
Parcel Number
0440640000069
Land Assessment
$941,126 CAD
Improvements Assessment
$3,763,392 CAD
Total Assessment
$4,704,518 CAD
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Sagemont Plaza | 11502-11600 Hughes Rd
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