TITLE:
Must Sell Today! HIGHLY MOTIVATED - 26,000 SF Building in League City
CONTROL:
Exclusive
VALUE:
$3,250,000
LOAN:
$3,040,000
EQUITY:
$210,000
TYPE:
Retail/Commercial
HAVE:
A 25,851 SF building south of Houston near I-45, owned since 1999 by prom and wedding dress retailers with roughly $1.2MM in inventory, previously selling to Neiman’s and overseas, now seeking to reinvest proceeds into growth.
WEBSITE URL:
ADDRESS:
451 Landing Blvd, League City, Texas
OTHER FILES:
GROSS SCHEDULED INCOME:
$516,942 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$516,942
EXPENSES:
$129,177
NOI:
$387,765
DEBT SERVICE:
$0
CASH FLOW:
$387,765
CAP RATE:
11.93%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,660,450
$20,000
14%
09/01/2025
No
LOAN 2
$420,000
$0
14%
09/01/2025
No
COUNSELOR:
James Brockway
Brockway Commercial
2366 Calypso LN
League City, , 77573-0759
Phone: 2816846482
