Miscellaneous
99-Year Ground Lease Under 300 Car Parking Garage
805 Franklin St, Houston, TX 77002
Listing Price: $5,489,000
Cap Rate
5.25%
Tenant Name
Stanton Road Capital
Years Remaining On Lease
96.6
Guarantor
Private Guarantee
Rentable SF
142,000
Lease Type
Absolute Net
Rent Per Square Feet
$2.03
Investment Overview
Marcus & Millichap is pleased to exclusively present 805 Franklin Street, Houston, Texas.
Exclusively Listed By
Broker of Record
Listing Price: $5,489,000
Cap Rate
5.25%
Tenant Name
Stanton Road Capital
Years Remaining On Lease
96.6
Guarantor
Private Guarantee
Rentable SF
142,000
Lease Type
Absolute Net
Rent Per Square Feet
$2.03
Investment Highlights
- Fee Simple Interest Secured by Long Term Ground Lease to 300-Space Public Parking Garage
- Located in the Heart of Houston's CBD Adjacent to Market Square Park
- Institutional-Quality Asset Constructed in 2017
Investment Overview
Marcus & Millichap is pleased to exclusively present 805 Franklin Street, Houston, Texas.
Exclusively Listed By
Broker of Record
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