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7011 Harrisburg Plaza 7011 Harrisburg Blvd 14,359 SF 77% Leased Retail Building Houston, TX 77011 $3,417,625 CAD ($238.01 CAD/SF) 10.04% Cap Rate
Investment Highlights
- Located on the highly dense Eado District of Houston
- Centrally located between two major employment hubs
- Located in Opportunity Zone
- Excellent access to major thoroughfares including Hwy 90 Alt,
Executive Summary
CAP RATE BASED ON PRO-FORMA OCCUPANCY. PRIME VALUE ADD OPPORTUNITY.
ROM Commercial Properties is pleased to present a 77% occupied property with full roster of E-Commerce resistant tenants. This property presently consists of six tenant building on a 14,359 square foot building located on the east end near downtown Houston. Priced at $174 PSF to the building which constitutes 50% of replacement value. Current tenant rents are below market and excellent opportunity for a 10-15% cap rate acquisition. The property has easy access to Downtown, Toyota Center, Daikin Park, among other Houston attractions. Amply parking and lighting and well maintained with no deferred maintenance. The property is also located within TIRZ 23 (Tax Reinvestment Zone) with high AVD Traffic counts.
ROM Commercial Properties is pleased to present a 77% occupied property with full roster of E-Commerce resistant tenants. This property presently consists of six tenant building on a 14,359 square foot building located on the east end near downtown Houston. Priced at $174 PSF to the building which constitutes 50% of replacement value. Current tenant rents are below market and excellent opportunity for a 10-15% cap rate acquisition. The property has easy access to Downtown, Toyota Center, Daikin Park, among other Houston attractions. Amply parking and lighting and well maintained with no deferred maintenance. The property is also located within TIRZ 23 (Tax Reinvestment Zone) with high AVD Traffic counts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,359 SF
Building Class
C
Year Built
2009
Price
$3,417,625 CAD
Price Per SF
$238.01 CAD
Cap Rate
10.04%
NOI
$343,254 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.91 AC
Opportunity Zone
Yes
Parking
80 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
308’ on Harrisburg Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Blue Sky Travel
- Accommodation and Food Services
- -
- -
- Triple Net
- -
- China 101 Express
- Accommodation and Food Services
- -
- -
- -
- -
- T-Mobile
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Blue Sky Travel | Accommodation and Food Services | - | - | Triple Net | - | |
| China 101 Express | Accommodation and Food Services | - | - | - | - | |
| T-Mobile | Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suites A & B can be leased together should you need a larger space. Space delivered is a shell/white-box space.
Please contact broker for more details.
| Space | Size | Space Use | Position | Available |
| 400 A | 1,380 SF | Retail | In-Line | Now |
| 500 | 1,920 SF | Retail | In-Line | Now |
400 A
| Size |
| 1,380 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
500
| Size |
| 1,920 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
400 A
| Size | 1,380 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Suites A & B can be leased together should you need a larger space. Space delivered is a shell/white-box space.
500
| Size | 1,920 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Please contact broker for more details.
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1319100010001 | Improvements Assessment | $2,262,040 CAD |
| Land Assessment | $1,699,640 CAD | Total Assessment | $3,961,680 CAD |
Property Taxes
Parcel Number
1319100010001
Land Assessment
$1,699,640 CAD
Improvements Assessment
$2,262,040 CAD
Total Assessment
$3,961,680 CAD
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7011 Harrisburg Plaza | 7011 Harrisburg Blvd
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