2349 FM 1960 E - Day Care Center FOR SALE
Houston, TX 77073 |
$997,500 USD
949-777-5987
2349 FM 1960 E
Houston, TX 77073
HIGHLIGHTS
- STABILIZED DAYCARE WITH RENT INCREASES – The property is leased to AIM Preparatory, a center-based childcare and early learning provider,
- RAPIDLY GROWING MARKET – Harris County growth rate is booming with households up over 12% in a 3 mile radius over the last 5 years,
- STRATEGIC HOUSTON CORRIDOR WITH DENSE DEMOGRAPHICS – Located along FM 1960, the site is positioned in a dense retail and residential area
- DAYCARE INDUSTRY BACKED BY DEMOGRAPHIC DEMAND – Daycare is a recession-resilient asset class with consistent demand.
- SIGNIFICANTLY BELOW REPLACEMENT COST – Priced at $135.48/SF, this offering provides an affordable basis compared to recent childcare construction cost
- SURROUNDED BY REGIONAL RETAIL ANCHORS AND TRAFFIC GENERATORS – The property benefits from proximity to national retailers and commuter routes,
OVERVIEW
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
TX DISCLAIMER Edward Fleming, Chad Kurz, and Kevin Puder (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
FOR SALE DETAILS
PRICE
$997,500 USD
PRICE/SF
$123 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AIM HIGH PREPARATORY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
None
APN/PARCEL ID
0421160000009,0451650000032
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949-777-5987
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949-777-5987
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