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Gulf Freeway Center 20610 Gulf Fwy 25,640 SF 100% Leased Retail Building Webster, TX 77598 $10,093,542 CAD ($393.66 CAD/SF) 6.60% Cap Rate
Investment Highlights
- BEST IN CLASS, CREDIT TENANCY
- PROXIMITY TO BAYBROOK MALL
- RECENT RENOVATIONS & FAÇADE UPGRADES
- SERVICES MAJOR ESTABLISHED HOUSTON SUBMARKET - CLEAR LAKE/WEBSTER
- FREEWAY FRONTAGE ALONG I-45, HOUSTON’S PRIMARY NORTH-SOUTH THOROUGHFARE
Executive Summary
NEW TO MARKET: TWO TENANT RETAIL CENTER W/ LONG TERM LEASES IN PLACE | BEST IN CLASS TENANCY | HOUSTON, TX
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,640 SF
Building Class
B
Year Built/Renovated
1983/2022
Price
$10,093,542 CAD
Price Per SF
$393.66 CAD
Cap Rate
6.60%
NOI
$666,177 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.85 AC
Zoning
None - N/A
Parking
72 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
351’ on Gulf Fwy
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1329730010001 | Improvements Assessment | $2,639,749 CAD |
| Land Assessment | $2,686,181 CAD | Total Assessment | $5,325,930 CAD |
Property Taxes
Parcel Number
1329730010001
Land Assessment
$2,686,181 CAD
Improvements Assessment
$2,639,749 CAD
Total Assessment
$5,325,930 CAD
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Gulf Freeway Center | 20610 Gulf Fwy
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