11502-11600 Hughes Rd - Freestanding FOR SALE


Houston, TX 77089- Southbelt-Ellington
$2,700,000 USD
281-690-0535
11502-11600 Hughes Rd, Houston, TX for Sale
$2,700,000 USD
Freestanding - FOR SALE
1/16
null | 8.39% Cap Rate

11502-11600 Hughes Rd
Houston, TX 77089
Southbelt-Ellington


HIGHLIGHTS

  • Internet resistant tenant roster
  • Prime Value add opportunity
  • 9%+ Cap rate after 100% stabilization
  • Excellent location with a mile from the 45 south and beltway 8 interchange

OVERVIEW

PRIME VALUE ADD OPPORTUNITY! ROM Commercial Properties representing internet resistant multi-tenant building located at 11502 Hughes Road in Houston, Texas. This 26,806 SF property sits on ±1.5 acres along with close proximity and visibility to Beltway 8 and traffic counts exceeding 100,000 vehicles per day. The site offers exceptional visibility and access within the fifth-largest metro area in the U.S. Two largest tenants have been at the center over 7 years. Room of rent growth as rents are 25% below market. Priced well below replacement value. Large parking field with outparcel building construction and pad building possibilities. Proforma cap after 100% occupancy stabilization at over 9%+ cap rate.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

8.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sagemont Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

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

ASK ABOUT THIS PROPERTY

Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

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Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

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