CAP RATE BASED ON PRO-FORMA OCCUPANCY. PRIME VALUE ADD OPPORTUNITY.
ROM Commercial Properties is pleased to present a 77% occupied property with full roster of E-Commerce resistant tenants. This property presently consists of six tenant building on a 14,359 square foot building located on the east end near downtown Houston. Priced at $174 PSF to the building which constitutes 50% of replacement value. Current tenant rents are below market and excellent opportunity for a 10-15% cap rate acquisition. The property has easy access to Downtown, Toyota Center, Daikin Park, among other Houston attractions. Amply parking and lighting and well maintained with no deferred maintenance. The property is also located within TIRZ 23 (Tax Reinvestment Zone) with high AVD Traffic counts.