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1000 Prairie St, Houston, TX, 77002

1000 Prairie St
$9,100,000

Key Information

Cap Rate
8.73%
$ per SF
$348
Type
Retail
Occupancy
100%
Leasable Area
26,973

Highlights

  • Irreplaceable Real Estate: Located on the corner of Main and Prairie, this investment is truly in the heart of Downtown Houston and a core part of the Central Business District.

  • Business Hub: This investment is surrounded by numerous corporate offices, banks, and legal firms, making it ideal for future commercial or office tenants.

  • Close Proximity to Public Transportation: Less than 200 feet away from Houston’s METRORail and close to major bus routes, providing convenient commuting options for employees or customers.

  • Diverse Retail Corridor: There’s a wide array of restaurants, bars, and shopping options within walking distance, making it attractive for both office and retail developments.

  • Proximity to Major Sports Arenas: Close to Minute Maid Park, the home of the Houston Astros, making it attractive for entertainment venues or retail. The Toyota Center is also nearby, drawing crowds for sporting events and concerts.

  • Mix of Tenants: The current tenants are a mix of restaurant and office tenants, which helps diversify risk.

  • Cell Tower Income: National cell carriers AT&T and T-Mobile both have cell tower leases on the roof of the property that bring in additional income.

Simon Assaf In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225