Summit Plaza

Asset type: Neighborhood Center · Location: Houston, Texas

9635 N Houston Rosslyn Rd is a 11,136 SF retail strip center located in Northwest Houston, under contract for $1,100,000, well below the original asking price of $1,550,000. The property is currently 100% vacant and will require interior buildouts to make it lease ready. We're partnering with our trusted GC who we've worked with on multiple past projects and who has completed several renovations just like this one, ensuring efficiency and proper construction standards. We've secured seller financing at 25% down with a 6% interest rate, significantly better than what we expected from a traditional lender. This reduces overall risk and increases projected returns on the deal.