Auction Information
Bankruptcy Auction - Income Producing Retail Center
Court Ordered Bankruptcy Auction - Income Producing Retail Center on High Traffic Road
This 17,100 SF Retail Center was Recently Built in 2019 in Cypress, TX along heavily trafficked Huffmeister Rd. The tenants are all on Triple Net Leases with 77% Occupancy. Annual Income is approximately $317,664. It is located just .6 miles north of Hwy 290 and in close proximity to Holiday Inn Express, Residence Inn by Marriott, Starbucks Coffee, 7/11 Convenience Store and surrounded by residential housing.
Land Area Gross: 3.05 ACs or 132,688 SF +|- of land
17,100 SF of Improvements Built in 2019
77% Occupancy (13,100 SF Leased NNN)
Current Annual Base Rent is $317,664
NO FLOOD PLAIN Zone X
Northwest Corner of Huffmeister Rd & White Oak Springs Dr
Total Road Frontage is Approx. 302 +|- on Huffmeister.Rd
Total Road Frontage is Approx. 100 +|- on White Oak Springs Dr
Zoning: None
Topography: General...
Topography: Generally Level and at Street Grade
Utilities:
Electricity: On Site
Water/Sewer: City of Houston
Huffmeister Rd is a Six-Lane, Concrete Roadway with a Center Median and Concrete Curbs and Gutters
Nearby Properties include 7-11, Starbucks, Holiday Inn Express, Residence Inn by Marriott and HCA Houston Healthcare North Cypress Hospital
Single Story Building
Only .6 Miles North of Hwy 290
Close proximity to Hwy 290, Beltway 8, 99 & Hwy 249
The Following Information was obtained from a Previous November 2021 Appraisal:
Foundation: Poured Concrete Slab
Frame: Heavy Concrete Frame
Construction: Masonry
Exterior Walls: Brick & Stucco
Roof Type: Flat
Roof Cover: Tar & Gravel
Interior Floor Coverings: Tile, Wood, Concrete
Interior Walls: Painted Drywall
Interior Ceiling Cover: Suspended
Interior Lighting: Fluorescent & Incandescent Lighting
HVAC & Electrical: Independently Metered
Land to Building Ratio: 7.84 to 1
Floor Area Ratio: 0.13 Based on Rentable Area
Parking Spaces: 112
Parking Ratio: 6.62 Spaces per 1,000 SF
Site Stabilization: 2.57 to 1
Other Improvements: Concrete Paving, Landscaping, Exterior Lighting & Fencing
DONT MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
Online bidding ends January 25th at 11:00 AM CT
Preview: January 18th at 9:00 AM CT
Property Address: 10807 Huffmeister Road, Cypress, Texas 77065
U.S. Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 23-34374
Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyer's Premium and other terms apply
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