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Back to Property ListingsProperty Name: 3002 Fondren
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Property Highlights
Tabs Retail Center is a two-building retail development in a prime Fondren Road location between Westheimer and Richmond Avenue. Approximately 23,000 cars per day pass the Fondren/Westheimer intersection. Building 1 is 81,608 sq.ft. and was constructed in 1972 and renovated in 2000. The building's area is evenly divided between two floors. Building 2 is a multi-tenant facility totaling 14,450 sq.ft. Built in 2007, this building has an annual income of $43,089.58 derived from two existing tenants that occupy approximately 4,875 sq.ft. Approximately 10,041 sq.ft. of Building 2 remains vacant shell space.
Price: $6,750,000 Terms: CashPrice Per Sq.Ft.: $70.27 Building 1 NRA: 81,608 Building 2 NRA: 14,450 Total NRA.: 96,058 Total Land Area: 6.1348 Acres Price per SF Land: $25.26 The information contained in this offering material (“Summary”) is confidential, furnished solely for the purpose of the review by a prospective purchaser of the
Property and is not to be used for any other purpose if made available to any other person without the express written consent of Tarantino Properties, Inc. The
material is based in part upon information supplied by the owner of the Property (“Owner”) and in part upon information obtained by Tarantino Properties, Inc. from
sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only outlines of some of the
provisions contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without
reliance upon the material contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the
condition of the property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site.
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