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West Marine 1401 Marina Bay Dr 25,236 SF Retail Building Kemah, TX 77565 $8,816,611 CAD ($349.37 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico
- Long operating history | Leased since 2012
- Strong population growth within 3 miles | 30.09% from 2010-2025
- Located inside of dense retail corridor | 2.2M SF within a 2-mile radius
- Large parcel | 2.88 acres
- Affluent surrounding area | $133,107 average household income within a 1-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale West Marine in Kemah, TX. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,236 SF
Building Class
B
Year Built/Renovated
2002/2012
Price
$8,816,611 CAD
Price Per SF
$349.37 CAD
Cap Rate
7.75%
NOI
$683,267 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.88 AC
Zoning
Commercial
Parking
98 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
441’ on Marina Bay Drive
Nearby Major Retailers
Property Taxes
| Parcel Number | 5703-0001-0001-181 | Improvements Assessment | $12,136,962 CAD |
| Land Assessment | $1,918,948 CAD | Total Assessment | $14,055,911 CAD |
Property Taxes
Parcel Number
5703-0001-0001-181
Land Assessment
$1,918,948 CAD
Improvements Assessment
$12,136,962 CAD
Total Assessment
$14,055,911 CAD
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Videos
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Photos
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Street
Map
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West Marine | 1401 Marina Bay Dr
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