Property Name: 3002 Fondren
or to view the Document Library.
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
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: $6,750,000Terms: Cash
Price 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.