10000 Hammerly BlvdHouston, TX 77080

For Sale
$35,000,000

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
La Primavera, a prime Houston retail property located at 10000 Hammerly Blvd, offers a compelling investment opportunity. This two-story, 282,809 square foot center boasts a strong 89.3% occupancy rate, generating a substantial Net Operating Income (NOI) of $2,435,767, resulting in an attractive 5.94% capitalization rate. Built in 1969, the property sits on a 9.73-acre lot and includes 328 units and ample parking with 366 spaces. The asking price is $35,000,000, translating to a price per unit of $107,000. The property's location in Harris County, Texas, zip code 77080, provides excellent access to a thriving market. The property's substantial size and high occupancy make it an ideal investment for those seeking a stable, high-yielding retail asset. The property's strong financial performance, coupled with its prime location and substantial size, presents a rare opportunity in the Houston market. The APN is 1020750000004. This is a well-established retail center with a proven track record of success, offering a secure and profitable investment for discerning buyers. The property's substantial size and high occupancy rate make it an attractive investment opportunity for those seeking a stable, high-yielding retail asset in a prime Houston location.

Property Details for 10000 Hammerly Blvd

Property type
Other retail properties, Retail properties
Square Feet
282,809 SF
Year Built
1969
Stories
2
Lot Size (sq. ft)
423,839 SF
Units
328

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8131235
Longitude
-95.5404734
10000 Hammerly Blvd, Houston, Texas

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10000 Hammerly Blvd
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