Matthews Logo

Navigation Menu

5104 Harrisburg Blvd, Houston, TX, 77011

Harrisburg Plaza

$7,844,000

Key Information

Cap Rate
6.85%
$ per SF
$345
Tot. SF
22,747
Lot Size
1.9 Acres
Units
5
Year Built
2006 (R)
Type
Shopping Centers
Occupancy
100%
NOI
$537,291

Highlights

• Assumable, non-recourse $3.41M loan at 6.07%, interest-only through maturity in August 2032
• 100% occupied with a 6.7-year WALT and contractual rent increases in every lease
• NNN leases across 93.4% of GLA and 90.7% of base rent, with reimbursable admin and management fees
• Four national tenants (74.1% of GLA) and one regional tenant (25.9% of GLA)
• Large 1.9 AC lot with 126 parking spaces — 5.54 per 1,000 SF, rare for an infill East End location
• Large pylon sign on Harrisburg Blvd and 21,860 VPD on Harrisburg Blvd & Adams St.
• Harrisburg Plaza won a Good Brick Award from the Greater Houston Preservation Alliance, now Preservation Houston
• Less than 10-minutes / 2.5-miles from the heart of downtown Houston
• Direct proximity to the METRORail Green line, a 3.3-mile light rail line connecting the historic East End to downtown Houston
• Over 418,000 people within a 5-mile radius of the property and 161,000 people within 3-mile radius of the property

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204