10807 Huffmeister Road, Houston, TX 77429 - Harris County

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: 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