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Asking Price
NOI Net Operating Income
Cap Rate

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Attributes

Year Built 2006
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Property Description

Located on Downtown’s Doorstep

Investment Highlights

100% Leased by service-oriented national tenants with proven resistance to e-commerce

Fully stabilized with 7 years of WALT 

Prominent Retail location along 3 major midtown streets with visibility to +68,900 VPD

The Midtown retail market is extremely well leased with a 10-year average occupancy of 94.9%

The #1 Destination

  • 2101 Smith is located only two blocks away from the I-45 Pierce Street exit spur
  • The Property is only one block south of I-45 which serves as the border between Midtown and Downtown Houston
  • Midtown is bordered to the east by Highways 59 and 288 which together provide access throughout the city the the North, South and West
  • The property is only three blocks away from the Metro light-rail red line which runs directly through Houston’s innovation district

Located on Downtown’s Doorstep

  • The property is located within Midtown,the most walkable neighborhood in Houston, boasting a Walk Score and Transit Score of 91
  • Midtown location sits only one block away from Downtown while also providing immediate access to Montrose and the Medical Center
  • The surrounding urban environments is unique to Houston and has continued to densify in recent years with the development of +1,700 new apartment units added to the midtown district. 

Expanding residential base 

  • 864 units currently under construction in Midtown
  • Dense surrounding population with +201,000 residents within a 3-mile radius, up 32% since 2000
Ryan West
Ryan West
Senior Managing Director, Capital Markets
License details
TX-478560
John Indelli
John Indelli
Director, Capital Markets
License details
TX-696391

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