Listed by Marcus & Millichap - Houston
$999,000
Misty Valley Shopping Center
Details
APN 461000000036
Property Type Retail
Sub Type Shopping Center
Square Footage 6,510
Net Rentable (SqFt) 6,510
Units 3
Cap Rate 8.7%
NOI $86,935
Occupancy 100%
Tenancy Multi
Price per SqFt $153
Class B
Year Built 1972
Buildings 1
Stories 1
Acreage 0.520
Zoning COM
Parking Spaces 25 spaces
Parking Per SqFt 3.84
Investment Type Value Add
Ownership Fee Simple
100% Occupied Retail under $1M | 8.70% CAP | 6,510 SF
Marketing description
Marcus & Millichap is pleased to exclusively list for sale Misty Valley Shopping Center, located at 12033 Misty Valley Drive in Houston, Texas. This 6,510-square-foot retail center is situated on a 0.52 acre tract of land fronting Misty Valley Drive. Klein Forest High School is located across the street.
Misty Valley Shopping Center is 100 percent occupied. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. The property is offered for sale for a price of $999,000, which represents a 8.70 percent cap rate.
Investment highlights
Frontage Location
Klein Forest High School Across the Street
Expenses are 100 Percent Reimbursed by NNN Tenants
8.70 Percent Cap Rate
Listing Contacts
Listed by Marcus & Millichap - Houston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,935.00
$7,244.58/mo
Valuation Metrics
0
DSCR
8.7%
Cap Rate
8.7%
ROI
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