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South Gulf Plaza 5815 Gulf Fwy 1,200 - 21,130 SF of Space Available in Houston, TX 77023
Highlights
- Located on the Gulf Freeway (I-45) Service Road inside Loop 610
- South Gulf Plaza contains two retail/office buildings
- High profile location with traffic counts well over 222,698 cars per day
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000-12,401 SF | Negotiable | $45.30 CAD/SF/YR $3.78 CAD/SF/MO $561,807 CAD/YR $46,817 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 1,200-8,729 SF | Negotiable | $42.47 CAD/SF/YR $3.54 CAD/SF/MO $370,737 CAD/YR $30,895 CAD/MO | Triple Net (NNN) |
5815 Gulf Fwy - 1st Floor
- Lease rate does not include utilities, property expenses or building services
5815 Gulf Fwy - 2nd Floor
2nd floor - 8,729 SF (divisible) office Estimated NNN - $10.50/SF
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
- 2nd floor - 8,729 SF (divisible) office
- Estimated NNN - $10.50/SF
- TI Allowance Negotiable
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 21,130 SF | Gross Leasable Area | 25,730 SF |
| Min. Divisible | 1,200 SF | Total Land Area | 10.12 AC |
| Center Type | Neighborhood Center | Year Built | 2021 |
| Center Properties | 2 |
| Total Space Available | 21,130 SF |
| Min. Divisible | 1,200 SF |
| Center Type | Neighborhood Center |
| Center Properties | 2 |
| Gross Leasable Area | 25,730 SF |
| Total Land Area | 10.12 AC |
| Year Built | 2021 |
About the Property
South Gulf Plaza is a retail/office redevelopment located on the Gulf Freeway (I-45), inside the 610-Loop . The project will be home to two (2) retail/office buildings that will front the Gulf Freeway. Building A, measuring approximately ±26,424 SF with plans for 1st floor retail with an office component on the 2nd level. Building B, measuring approximately ±29,754 SF is planned to be retail with a ±13,746 SF warehouse space with 2 dock high loading ramps. This once single-tenant site is being redeveloped and will be transformed into a vibrant and welcoming retail/office center. This unique pre-leasing opportunity, with direct freeway exposure, gives the tenant the opportunity to serve the local community, at a location with an influx of young families, which prompted the need for this development. The excellent visibility makes South Gulf Plaza a great home for a retail user, a medical user, or an office user.
Nearby Major Retailers
Presented by
South Gulf Plaza | 5815 Gulf Fwy
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