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99 Year Ground Lease Under 300 Car Parking Garage - Downtown Houston - 805 Franklin Street, Houston, TX

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $5,489,000

  • 142,000

  • 5.25%

  • NOI :

  • Acres :

  • $288,150

  • 0.35

  • Property Type :

  • Property Status :

  • Other

  • Available

Investment Highlights

  • Fee Simple Interest secured by long term ground lease to 300-space public parking garage
  • Located in the heart of Houston’s CBD adjacent to Market Square Park
  • Urban infill location uniquely positioned to capture transient parking visitors (94 Walk Score ranking)
  • Robust daytime population with over 400,000 people within the 4th largest city in the U.S.
  • Institutional-quality asset constructed in 2017
  • Long-term, secure and predictable income stream at compelling basis that is a fraction of replacement cost