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West Marine 1401 Marina Bay Dr 25,236 SF Retail Building Kemah, TX 77565 $8,820,720 CAD ($349.53 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico
- Located inside of dense retail corridor | 2.2M SF within a 2-mile radius
- Strong population growth within 3 miles | 30.09% from 2010-2025
- Great visibility & access from Marina Bay Dr | 18,660 VPD
- Long operating history | Leased since 2012
- 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
$8,820,720 CAD
Price Per SF
$349.53 CAD
Cap Rate
7.75%
NOI
$683,586 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)
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5703-0001-0001-181 | Improvements Assessment | $12,142,619 CAD |
| Land Assessment | $1,919,843 CAD | Total Assessment | $14,062,461 CAD |
Property Taxes
Parcel Number
5703-0001-0001-181
Land Assessment
$1,919,843 CAD
Improvements Assessment
$12,142,619 CAD
Total Assessment
$14,062,461 CAD
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West Marine | 1401 Marina Bay Dr
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