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For Information, contact
Andy Hsu
Tel: 713-414-5529
Fax: 713-490-3189
E-mail: ahsu8888@aol.com
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| Address: |
2436-2678 FM 1960 E., Houston, Texas 77073 |
| Country: |
Harris |
| Building Area/Units: |
137,000 SF |
| Lot Size: |
11 AC |
| Price: |
$7,500,000 |
| Price/SF: |
$54.74 |
| Cap Rate: |
7.9% |
| Occupancy Rate: |
89% |
| Year Built: |
1978/83 |
| Property Description: |
| Coutrywide village is located at southwest corner of the intersection of FM 1960 E and Humble Westfield Road. The center has approximately 1,000 feet frontage along the south side of FM 1960 E. The property is located less than 1 mile east of Hardy Toll Road and 3 miles east of I-45. George Bush Intercontinental Airport is less than 1 mile south. The property is currently 89% occupied by a mixture of local and national tenants. JP Mogan Chase Bank, Cash America, Bertani Enterprises, Radiance and Furniture Depot are among its major tenants |
| Location Description: |
With its location along FM 1960 E, Countryside Village Shopping Center is strategically positioned to benefit from its readily accessible location just 1 mile north of George Bush Intercontinental Airport. The project is only minutes from Hardy Toll Road (the major through fair connecting the Woodlands to the north and Downtown Houston to the south) and I-45 North (the interstate freeway connecting Houston and Dallas.) The North Houston submarket has been active in terms of new residential developements, new road constructions and major commercial developments.
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| Financial Summary
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| Effective Gross Income: |
$794,739 |
| Maintenance: |
$93,797 |
| Taxes: |
$80,078 |
| Insurance: |
$27,009 |
| Total Expenses: |
$200,884 |
| Net operating Income: |
$593,855 |
| Major Tenants |
| Furniture Depot |
45,000SF |
| Bertani Enterprises |
15,000SF |
| Cash America |
6,000SF |
| Dollar Queen |
9,895SF |
| Radiance |
8,264SF |
| Debt&Financial Information |
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