Shopping Strip

Seabrook Plaza

5735 Bayport Blvd, Seabrook, TX 77586

Listing Price: $2,100,000

Cap Rate
7.15%
Gross SF
12,437
Rentable SF
12,437
Price/Gross SF
$168.85
Lot Size
1.14 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to offer Seabrook Plaza (Property) in Seabrook (Houston MSA), Texas for Sale. The Subject Property consists of
12,437 square feet in a shopping center on 1.14 acres on a hard corner and offers significant upside for an investor upon leasing the 2,534 square feet of vacancy. The property is located near Major Petrochemical Plants in the Seabrook and LaPorte, TX with robust employment base over 67,000 in a five mile radius. The Subject Property is located at the corner of Bayport Blvd. and high-traffic State Highway 146 (North and South) and offers easy access via the Highway and Red Bluff Road (East and West).

Seabrook Plaza is located in Houston's southeast side approximately 29 miles from the Houston Central Business District and the property caters to 11,449 households in a three mile radius and is in close proximity to several major economic drivers for the region
including the Houston Ship Channel, NASAs Lyndon B. Johnson Space Center, the Bayport Shipping Terminal, the Bayport Industrial
District, Boeing, and the Pasadena Refining System. The average household income is $164,605 in a 1 mile radius and $112,775 in a 3 mile radius

This offering provides an investor the opportunity to acquire a strip center built in 2009 offering substantial upside with a 31% Cash-on-Cash Return in Year 2.

Investment Highlights

  • 12,437 Square Foot Shopping Center | Built in 2009
  • 100% Rental Collections To-Date
  • Easy Access via Highway 146 and Red Bluff
  • Adjacent to an 86 Room Newly-Remodeled Best Western Plus Seabrook Hotel & Shell
  • Upside Opportunity | 3,528 Square Feet of Vacancy I 11.41% CAP in Year 2
  • $112,775 Average Household Income in a Three Mile Radius

Exclusively Listed By

Financing By

Listing Price: $2,100,000

Cap Rate
7.15%
Gross SF
12,437
Rentable SF
12,437
Price/Gross SF
$168.85
Lot Size
1.14 acres
Year Built
2009

Investment Highlights

  • 12,437 Square Foot Shopping Center | Built in 2009
  • 100% Rental Collections To-Date
  • Easy Access via Highway 146 and Red Bluff
  • Adjacent to an 86 Room Newly-Remodeled Best Western Plus Seabrook Hotel & Shell
  • Upside Opportunity | 3,528 Square Feet of Vacancy I 11.41% CAP in Year 2
  • $112,775 Average Household Income in a Three Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer Seabrook Plaza (Property) in Seabrook (Houston MSA), Texas for Sale. The Subject Property consists of
12,437 square feet in a shopping center on 1.14 acres on a hard corner and offers significant upside for an investor upon leasing the 2,534 square feet of vacancy. The property is located near Major Petrochemical Plants in the Seabrook and LaPorte, TX with robust employment base over 67,000 in a five mile radius. The Subject Property is located at the corner of Bayport Blvd. and high-traffic State Highway 146 (North and South) and offers easy access via the Highway and Red Bluff Road (East and West).

Seabrook Plaza is located in Houston's southeast side approximately 29 miles from the Houston Central Business District and the property caters to 11,449 households in a three mile radius and is in close proximity to several major economic drivers for the region
including the Houston Ship Channel, NASAs Lyndon B. Johnson Space Center, the Bayport Shipping Terminal, the Bayport Industrial
District, Boeing, and the Pasadena Refining System. The average household income is $164,605 in a 1 mile radius and $112,775 in a 3 mile radius

This offering provides an investor the opportunity to acquire a strip center built in 2009 offering substantial upside with a 31% Cash-on-Cash Return in Year 2.

Exclusively Listed By

Financing By

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