Northpark Village
US - Lubbock, TX
THB 352,445,000 | 6,548 m²
Asset Description
Westchase Plaza and Sunridge Center located along Gessner Rd. in Houston, TX - offered together or separte. Value-add opportunity with below market rents in the most densely populated area of Houston. Westchase Plaza includes 44,398 sq ft and Sunridge Center includes 49,359 sq ft, totaling 93,757 sq ft of retail and 78% combined occupancy.
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Attributes
Building area Net
8,710 m²
Occupancy
78.00%
Year built
1978 & 1981
Media
Investment Highlights
- Sticky Tenants - Sticky in-place tenancy generates consistent cash flow with a carefully curated rent roll catering to surrounding demographics
- Densely Populated Submarket - Unique assets located in Houston’s most densely populated submarket, boasting 226,904 residents in a 3 mile radius
- Income Diversity - Strong Diversity of Income - no single tenant is responsible for more than 20% of total income across both properties
- Below Market Rents - Immediate Value Creation through pushing in-place rents and vacancy lease-up (Only 3 Options across both shopping centers)
- City-Wide Connectivity - Located on the corner of South Gessner Road (30,906 VPD) & Westpark Drive (48,132) with direct access to the Westpark Tollway creating connectivity to the entire MSA
Contact brokers
Westchase Plaza and Sunridge Center (0 Properties)
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Last updated
24 Mar 2023
