Marty McAdams
Marty McAdams
Listed by Marty McAdams
$1,500,000
Marina Bay Center
Details
Property Type Office, Retail
Sub Type Shopping Center
Square Footage 6,759
Units 4
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $222
Class B
Year Renovated 2024
Buildings 2
Stories 1
Lot Size (SqFt) 26,005
Sale Condition 1031 exchange
Office | 6,759 SqFt
Marketing description
Unique High Visibility Waterfront center on FM2094/Marina Bay Drive
100% Leased with 5 units in two buildings
Current Tenants include:
Forbes Hever & Wallace - Wholesale Sales
Salon Renew - Hair salon (in two units)
Coco’s on the Canal
Sign Ad Billboard sign
Waterfront location at the entrance to Kemah
Coveted Canal access with water views and outdoor seating areas in all units
Investment highlights
100% leased to 5 strong tenants, most have renewed multiple times
Low Property Tax Rate of 1.48% and minimal maintenance expense provided maximum cash flow
Leased Billboard - $4K/yr
Rare opportunity to purchase premier waterfront property with long term income and solid value growth.
Listing Contacts
Marty McAdams
Marty McAdams
Listed by Marty McAdams
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