Westbrae Landing Shopping Center | 10702-10766 S Gessner Dr
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Westbrae Landing Shopping Center 10702-10766 S Gessner Dr
33,400 SF 100% Leased Retail Building Houston, TX 77071 $4,900,000 ($147/SF) 7.85% Cap Rate
Executive Summary
Rent per lessee is guaranteed by the seller for 1 year from the day of signing for unleased space.
Incredible value for a high-traffic property, especially given the large amount of population concentration in this area,
All new roofing and HVAC across all tenants.
Westbrae Landing Shopping Center leases multiple retail tenants, service tenants, and Dominoes.
Over 20,000 people live in a radius of 1 mile, with most of them living in multi-family apartments.
This property resides in an increasingly gentrifying area and incurs increasing traffic by over 20% year over year.
ANCHORS: Directly across from Kroger Superstore.
Incredible value for a high-traffic property, especially given the large amount of population concentration in this area,
All new roofing and HVAC across all tenants.
Westbrae Landing Shopping Center leases multiple retail tenants, service tenants, and Dominoes.
Over 20,000 people live in a radius of 1 mile, with most of them living in multi-family apartments.
This property resides in an increasingly gentrifying area and incurs increasing traffic by over 20% year over year.
ANCHORS: Directly across from Kroger Superstore.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
33,400 SF
Building Class
C
Year Built
1987
Price
$4,900,000
Price Per SF
$147
Cap Rate
7.85%
NOI
$384,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
2.02 AC
Parking
100 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1156440000010 | Improvements Assessment | $1,057,790 |
Land Assessment | $704,768 | Total Assessment | $1,762,558 |
PROPERTY TAXES
Parcel Number
1156440000010
Land Assessment
$704,768
Improvements Assessment
$1,057,790
Total Assessment
$1,762,558
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Westbrae Landing Shopping Center | 10702-10766 S Gessner Dr
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