1110 W Gray St - Freestanding FOR SALE


Houston, TX 77019- Montrose
$13,290,900 USD
713-577-1640
1110 W Gray St, Houston, TX for Sale
$13,290,900 USD
Freestanding - FOR SALE
1/14
null | 7% Cap Rate

1110 W Gray St
Houston, TX 77019
Montrose


HIGHLIGHTS

  • Property is 100% occupied by three high-quality medical tenants for essential healthcare services (emergency care, plastic/aesthetic surgery, and rest
  • Houston Landmark Benefits
  • Prime Montrose Location with Excellent Visibility & Access
  • Anchored by 24 Hour Montrose Emergency Center, the area benefits from being only one of three 24-hour emergency rooms within a 3-mile radius

OVERVIEW

Built in 1972 and renovations completed in 2020, Reve at Montrose, located at 1110 W Gray in the heart of Montrose, is an excellent opportunity to acquire a 100% occupied medical retail site with a diverse tenant mix. The property is a two-story building, comprised of 17,230 SF and sits on 33,976 SF of land. With significant frontage on both W Gray and Montrose Boulevard, the center is in close proximity to significant class A multi-family developments, the Texas Medical Center, and Midtown. Tenants include a state-of-the-art 24 Hour Montrose Emergency Center which comprises 63% GLA. The other 37% is occupied by Arike Aesthetics and Restore Dental. For more information, please use this link: 1110WestGraySale.com

FOR SALE DETAILS

PRICE

$13,290,900 USD

PRICE/SF

$767 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rêve at Montrose

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

None

APN/PARCEL ID

1402870010001

ASK ABOUT THIS PROPERTY

Matthew BerryCBRE, Inc.More Info
713-577-1640

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Matthew BerryCBRE, Inc.More Info
713-577-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.