west belt center for sale - loopnet · west belt center offering memorandum for sale houston, texas...

NWQ of Bissonnett Street & Sam Houston Parkway South

9404 W. Sam Houston Pkwy SHouston, Texas • 77099

West Belt CenterOFFERING MEMORANDUM

FOR SALEHouston, Texas

[email protected]

For more Information:

Simon Ha

5 9 0 9 W E S T L O O P S O U T H S T E . 6 8 0 • B E L L A I R E , T E X A S 7 7 4 0 1 • 7 1 3 . 5 6 8 . 5 5 0 0

Investment Summary Price: $4,500.000.00 Cap Rate: 7.3% Terms: Cash to Seller

SHADOW ANCHORED

[email protected]


Simon Ha




[email protected]


Simon Ha


Property Address 9404 W. Sam Houston Pkwy.

Houston, Texas 77099

Location Northwest Quadrant of Elmsworth & Beltway 8

County Harris

GLA 19,240 SF

Land Size 123,580 SF (2.837 AC)

Year of Const 2007

Occupancy 100%

Number of Tenants 9 and Water Mill lease

Lease Type NNN

Parking Spaces 137 (7.2 Spaces per 1,000 SF)

PROPERTY INFORMATION:

• Shadow Anchored to Strong Performing Walmart Supercenter

• Multiple tenants have been occupying since center was built

• Newer construction building

• Traffic counts on Sam Houston Parkway: 195,600 VPD

• High traffic generators within center, with Mexican Restaurant and New Washateria

• Possibility to add more income with excess land adjacent to the center

• High Density with mix of Residential, Multi Family, and Office/Retail

PROPERTY HIGHLIGHTS:



[email protected]


Simon Ha


Base Rent $330,383.04

NNN Recoveries $120,250.00

Total Rent $450,633.04

Operating Expenses $120,250.00

Net Operating Income $330,383.04

Price $4,500,000.00

Cap Rate 7.3%

Terms Cash to Seller

Taxes $85,329.38

Insurance $14,424.75

CAM $20,551.22

Total Expenses $120,305.35

INCOME & EXPENSE:INVESTMENT OVERVIEW: OPERATING EXPENSES:



[email protected]


Simon Ha


Basic Summary Report

STI Popstats 2Q 2016

9404 W Sam Houston Pkwy SFor: 9404 W Sam Houston Pkwy S Houston, TX, 77099

Longitude: -95.559564Latitude: 29.681509

1 MILE RING

3.14 SQ/MI

2 MILE RING

12.56 SQ/MI

3 MILE RING

28.27 SQ/MI

5 MILE RING

78.53 SQ/MI

POPULATION2016 Population 39,309 106,725 213,909 548,1262010 Population 35,052 100,414 203,723 511,640

% Proj Growth 2016 - 2021 4.6% .6% -.4% 1.1%

HOUSEHOLDS2016 Households 13,376 35,151 71,563 199,528Family Households w Children 5,488 13,829 26,466 67,378Persons Per Household 2.9 3.0 3.0 2.7

DAYTIME POPULATIONTotal Daytime Population 36,879 110,946 230,964 587,788

White Collar Employees 6,200 19,118 39,545 100,291Blue Collar Employees 9,771 34,594 70,328 192,032Military 0 0 0 0Work at Home 381 1,201 2,590 7,669Unemployed 1,808 4,249 7,571 17,709

RACE% White 4.7% 7.3% 11.2% 17.9%% Black 27.1% 23.8% 23.3% 24.5%% Asian 7.5% 12.6% 14.1% 13.8%% Hispanic 59.5% 55.0% 49.9% 42.0%

INCOME2016 Median Household Income $27,776 $32,930 $38,901 $47,7372016 Average Housheold Income $34,741 $41,935 $49,052 $61,1592016 Per Capita Income $12,142 $13,967 $17,092 $24,205

HIGHEST EDUCATIONAL ATTAINMENTEducation Base - Age 25+ 22,901 63,937 131,156 344,895Less than 9th Grade 28.0% 25.3% 22.0% 16.5%Some High School 13.3% 13.5% 12.6% 10.0%High School or GED 28.1% 26.5% 25.0% 22.3%Some College 17.0% 16.9% 18.0% 20.2%Associates Degree 4.1% 3.9% 4.4% 5.1%Bachelors Degree or Higher 9.5% 14.0% 18.1% 26.0%

AGEMedian Age 29.4 31.2 32.5 33.8

HOUSING% Renter Occupied Housing Units 67.4% 59.1% 54.3% 53.5%% Owner Occupied Housing 16.3% 27.7% 33.3% 35.5%

HOUSING VALUES (OWNER OCCUPIED)Median Home Value $74,782 $95,818 $117,729 $176,968

© 2015 Pitney Bowes Software Inc. All Rights Reserved. Page 1 of 1



11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

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