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4615 Sherman St 4,200 SF of Flex Space Available in Houston, TX 77011
HIGHLIGHTS
- Oversized lot of 27,000 sq. ft. of which 4200 is the building. Almost the rest of the lot available for parking.
- Seller financing if wish to purchase
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,200 SF | Negotiable | $13.35 /SF/YR $1.11 /SF/MO $143.70 /m²/YR $11.97 /m²/MO $4,673 /MO $56,070 /YR | Modified Gross |
1st Floor
This building of 4200 sq. ft. sits on a lot of 27,000 sq. ft. It is ideal for anyone requiring a lot of parking or open space. The building can be divided into multiple suites. Priced to find a tenant. Building does need some updates and thus, reflected in the lower rent for a handy tenant. Also for sale with seller financing.
- Listed rate may not include certain utilities, building services and property expenses
- Very large parking lot for additional parking
- Fully fenced yard
- Hard corner on Lockwood
- Long Term Lease available
- 100% HVAC
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 4,200 SF | Gross Leasable Area | 4,200 SF |
| Property Type | Retail | Year Built/Renovated | 1996/2021 |
| Property Subtype | Freestanding | Parking Ratio | 11.9/1,000 SF |
| Total Space Available | 4,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,200 SF |
| Year Built/Renovated | 1996/2021 |
| Parking Ratio | 11.9/1,000 SF |
FEATURES AND AMENITIES
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Metro/Subway
- Pylon Sign
- Signage
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
NB Elite Realty
4615 Sherman St
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