12755 Walters Rd - Storefront Retail/Office FOR SALE


Houston, TX 77014
$1,463,000 USD
713-515-1367
12755 Walters Rd, Houston, TX for Sale
$1,463,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 7.75% Cap Rate

12755 Walters Rd
Houston, TX 77014


HIGHLIGHTS

  • Attractive 7.75 Percent Cap Rate Day One
  • Internet-Resistant Stable Tenants on Staggered Leases
  • Priced Below Replacement Cost
  • Well Constructed Property with Attractive Exterior Finishings

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale Walters Road Shopping Center, a 6,000-square-foot shopping center, situated on a half-acre of land. The property is located at 12755 Walters Road in Houston, Texas. The subject property is offered for sale at a price of $1,463,000, which is priced below replacement cost at $243 per square foot. Walters Road Shopping Center provides a purchaser a day one cap rate of 7.75 percent. The shopping center is 100 percent occupied by diverse, internet-resistant tenants with staggered lease terms.

FOR SALE DETAILS

PRICE

$1,463,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walters Road Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

CROSS STREETS

Old Walters

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

1214720010048

ASK ABOUT THIS PROPERTY

Scott JonesMarcus & MillichapMore Info
713-515-1367

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Scott JonesMarcus & MillichapMore Info
713-515-1367

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