Available For Sale - Retail

0 SF

LISTED BY

Edward Durnil
Tranzon Asset Advisors, 270-769-0284

AVAILABILITY DETAILS

Size
0 SF
Price/SF
N/A - Contact for Info
Listing ID
SA530488
Notes
Court Ordered Bankruptcy Auction - Income Producing Retail Center on High Traffic Road



This 17,100 SF Retail Center was Recently Built in 2019 in Cypress, TX along heavily trafficked Huffmeister Rd. The tenants are all on Triple Net Leases with 77% Occupancy. Annual Income is approximately $317,664. It is located just .6 miles north of Hwy 290 and in close proximity to Holiday Inn Express, Residence Inn by Marriott, Starbucks Coffee, 7/11 Convenience Store and surrounded by residential housing.

Land Area Gross: 3.05 AC’s or 132,688 SF +|- of land

17,100 SF of Improvements Built in 2019

77% Occupancy (13,100 SF Leased NNN)

Current Annual Base Rent is $317,664

NO FLOOD PLAIN – Zone X

Northwest Corner of Huffmeister Rd & White Oak Springs Dr

Total Road Frontage is Approx. 302’ +|- on Huffmeister.Rd

Total Road Frontage is Approx. 100’ +|- on White Oak Springs Dr

Zoning: None

Topography: Generally Level and at Street Grade

Utilities:

Electricity: On Site

Water/Sewer: City of Houston



Huffmeister Rd is a Six-Lane, Concrete Roadway with a Center Median and Concrete Curbs and Gutters

Nearby Properties include 7-11, Starbucks, Holiday Inn Express, Residence Inn by Marriott and HCA Houston Healthcare North Cypress Hospital

Single Story Building

Only .6 Miles North of Hwy 290

Close proximity to Hwy 290, Beltway 8, 99 & Hwy 249



The Following Information was obtained from a Previous November 2021 Appraisal:

Foundation: Poured Concrete Slab

Frame: Heavy Concrete Frame

Construction: Masonry

Exterior Walls: Brick & Stucco

Roof Type: Flat

Roof Cover: Tar & Gravel

Interior Floor Coverings: Tile, Wood, Concrete

Interior Walls: Painted Drywall

Interior Ceiling Cover: Suspended

Interior Lighting: Fluorescent & Incandescent Lighting

HVAC & Electrical: Independently Metered

Land to Building Ratio: 7.84 to 1

Floor Area Ratio: 0.13 Based on Rentable Area

Parking Spaces: 112

Parking Ratio: 6.62 Spaces per 1,000 SF

Site Stabilization: 2.57 to 1

Other Improvements: Concrete Paving, Landscaping, Exterior Lighting & Fencing



DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

Online bidding ends January 25th at 11:00 AM CT

Preview: January 18th at 9:00 AM CT

Property Address: 10807 Huffmeister Road, Cypress, Texas 77065

U.S. Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 23-34374

Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818

10% Buyer's Premium and other terms apply

Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com



https://www.tranzon.com/taa2401a
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Edward Durnil, Tranzon Asset Advisors
BRE# KY. Auctioneer P1734