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100% leased income property for sale 1438-1450 Texas Ave 10,900 SF 100% Leased Retail Building Texas City, TX 77590 $1,128,336 CAD ($103.52 CAD/SF) 10.50% Cap Rate
Investment Highlights
- 100% leased
- Stable income
Executive Summary
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$144,974
|
$13.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,974
|
$13.30
|
| Taxes |
$15,044
|
$1.38
|
| Operating Expenses |
$10,941
|
$1.00
|
| Total Expenses |
$25,986
|
$2.38
|
| Net Operating Income |
$118,988
|
$10.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $144,974 |
| Annual Per SF | $13.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $144,974 |
| Annual Per SF | $13.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,044 |
| Annual Per SF | $1.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,941 |
| Annual Per SF | $1.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,986 |
| Annual Per SF | $2.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $118,988 |
| Annual Per SF | $10.92 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Able Roofing & Construction
- Construction
- -
- -
- -
- -
-
- Public Administration
- -
- -
- -
- -
The Certispec Group of companies is pleased to be able to offer independent marine surveying, inspection, sampling and laboratory testing services throughout Canada and other parts of the globe. They are able to offer a truly world wide service through their ever-expanding network of international offices and working agreements/partnerships with a number of international inspection companies. Their services cover a broad range of commodities including bulk solids and liquids, petroleum, food and agri-products. All of their personnel are well qualified and have many years of experience in surveying, inspection and testing both here and in other parts of the world.
-
- Services
- -
- $10.83 CAD
- Triple Net
- Oct 2018
The Communications Workers of America represents 700,000 workers in private and public sector employment in the United States, Canada and Puerto Rico. CWA members work in telecommunications and information technology, the airline industry, news media, broadcast and cable television, education, health care and public service, law enforcement, manufacturing and other fields.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Able Roofing & Construction | Construction | - | - | - | - | |
|
|
Public Administration | - | - | - | - | |
|
|
Services | - | $10.83 CAD | Triple Net | Oct 2018 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $886,549 CAD | |
| Land Assessment | $59,083 CAD | Annual Taxes | $15,044 CAD ($1.38 CAD/SF) |
| Improvements Assessment | $827,466 CAD | Tax Year | 2025 |
Property Taxes
Presented by
100% leased income property for sale | 1438-1450 Texas Ave
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