Listed by CBRE - Houston Galleria, CBRE Group Inc.
$8,550,000
Market at Sienna
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,905
Net Rentable (SqFt) 16,905
Units 9
Cap Rate 6.4%
NOI $546,930
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $506
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 2.000
Sale Condition For sale by owner
Retail | 6.40% CAP | 16,905 SqFt
Marketing description
Just Listed: Class A Strip Center with Below Market Rents
Investment highlights
BRAND NEW CLASS A CONSTRUCTION COMPLETED IN 2024
FAVORABLE RENTS WITH A WEIGHTED AVERAGE <$32.00 PSF, FAR MORE SUSTAINABLE THAN COMPETING PRODUCT IN THE HOUSTON MSA WITH RENTS IN THE $45.00 PSF RANGE
POSITIONED IN THE HEART OF SIENNA
FORT BEND COUNTY’S LARGEST AND MOST CELEBRATED MASTER-PLANNED COMMUNITY | 16,500+ HOMES
HIGHLY DESIRABLE TENANT LINEUP WITH EMPHASIS ON FOOD/BEVERAGE & MEDICAL CONCEPTS
HIGH-GROWTHAFFLUENT DEMOGRAPHICS | 42% POPULATION GROWTH SINCE 2020 | $162K AVERAGE HOUSEHOLD INCOMES, $518K AVERAGE HOME VALUES
SANDWHICHED IN BETWEEN HWY 6 & FORT BEND PKWY | 85,000 COMBINED VPD | PRIMARY CONNECTORS TO U.S. 59 & SAM HOUSTON TOLLWAY
Listing Contacts
Listed by CBRE - Houston Galleria, CBRE Group Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$546,930.00
$45,577.50/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
