$2,600,000 USD
737-205-2056
11502-11600 Hughes Rd
Houston, TX 77089
Southbelt-Ellington
HIGHLIGHTS
- True Value-Add Opportunity - 78% Occupied With Current Rents 55% Below Market (Sagemont Rents are $10/SF, Submarket Rents are $22/SF).
- Nearby Retailers Include: Kroger, Petco, Home Depot, and AMC Theater.
- Great Traffic, Visibility and Access Along Beltway 8 (89,602 VPD) and Hughes Road (16,330 VPD).
- Strong Demographics - 107,227 Population With Average Household Income of $95,586 Within a 3-Mile of the Site - Well Above the National Average.
- Priced Well Below Replacement Cost at $97/SF and Below HCAD Appraised Value.
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 26,806 SF Sagemont Plaza Located at 11504 Hughes Road in Houston, TX. This Deal Includes a True Value-Add Opportunity - 78% Occupied With Current Rents 55% Below Market (Sagemont Rents are $10/SF, Submarket Rents are $22/SF).
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$2,600,000 USD
PRICE/SF
$97 USD /SF
CAP RATE
6.12%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sagemont Plaza - Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
121
LAND DETAILS
LAND ACRES
1.91 AC
LAND SF
83,200 SF
ZONING
F1
APN/PARCEL ID
0440640000069
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737-205-2056
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