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Property Name: Bellfort Southwest Shopping Center
Address: 8500 South Bellfort
Houston, TX 77071
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Price: $1,825,000
Price Per Sq Ft: $60
Occupancy: 73%
Total Square Feet: 30,190 sq. ft.
Land Area: 2.0446 Acres
Property Highlights

LOCATION: The Bellfort Southwest Shopping Center is located in the 8500 Block of West Bellfort, one block east of Gessner

ACCESSIBILITY: Traveling distance of approximately one (1) mile to Highway 59 (Southwest Freeway)

COMMUNITY: The center's primary market comes from the surrounding apartment communities and the residential subdivisions of Fondren Southwest, Westbury, West Fondren Place, Southmeadow, Creekbend, North Field, Fondren Park and Southwood. Average Income ranges from $25,000 to $45,000

OFFERING: $1,825,000.00

PROPERTY HIGHLIGHTS:

  • Concrete Block Walls & Fire Resistant Steel
  • Canopy Roof on Light Weight Concrete AMPS, Total Electrical Service
  • Electrical & Water Utility
  • 13' Wall Height
  • Building Width/Length = 210 LF
  • 55% of Building = 60' Bay Depth
  • 45% of Building = 45' Bay Depth
  • Extensive Parking 2/1,000 SF
  • Traffic Count 31,000+ Cars per Day at Gessner & Bellfort
  • Tiltwall Construction
  • Variety of "As-Built" Suites Available
  • Excellent Curb Appeal

CURRENT INCOME VALUATION

Current Annual Income: $241,230.50

Budgeted 2011 Expenses ($98,420.75)

NOI $142,809.75

Cap Rate 7.83%

PSF $60.45

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.
Have questions about this property? We can answer them.
Larry Vickers
Regional Vice President
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