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Flyer provided by HAR
Property For Sale
40 N MAIN ST.
KINGWOOD, TX 77339

Property Information:

  • Listing # 167554
  • $ 10,500,000
  • Built in 1999
  • Brick, Masonry, Metal Const Type
  • 2.56 Total Land Acres
  • Cross Street: Kingwood Drive & West Lake Houston Parkway
 

Sub Type Information:

Retail Information

  • 2,622 SF Max Avail
  • 2,622 SF Min Avail
  • 30 Number of Tenants
  • 221 Parking Spaces Available
  • 94.5 Percent Leased
  • 1 Signage
Comments: CLASS A KINGS CROSSING TOWN CENTER - RETAIL/OFFICE FOR SALE - $10,500,000 AT 8.5% CAP RATE; 7.1% CASH RETURN 48,435 SF IN FIVE BUILDING - ONE AND TWO STORIES. 94+% LEASED TO 30 TENANTS AT $19.54/SF. AVERAGE 1,530 SF WITH 77% OF LEASES EXPIRING IN 2010 AND BEYOND. AT THE KEY KINGWOOD INTERSECTION OF KINGWOOD DRIVE AND WEST LAKE HOUSTON PARKWAY. PART OF OVER 400,000 SF RETAIL & OFFICE COMPLEX. EXISTING LOAN MUST BE ASSUMED - 7.21% RATE ON APPROXIMATELY $6,150,000 BALANCE WITH ~4.5 YEARS LEFT.
Listing Office: MARTIN MCDONALD
Flyer Courtesy Of: Mike Nematpour
Office Phone: (713) 977-5800
Direct Phone: (713) 977-5800

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Property ID # 167554

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