Houston retailer grabs more fun for half the costHouston retailer grabs more fun for half the costhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132872016-05-24T05:00:00Z2016-05-23T18:00:00Z

​​HOUSTON - Baker Katz LLC has joined the flock of commercial developers scooping up valuable assets at a fraction of their appraised cost.

The retail brokerage purchased a 40,000-sf property containing a 12,000-sf building at 1805 Ella Blvd. for roughly half of the property's 2015 listed value.

A purchase price wasn't disclosed but the building was appraised at $786,399 in 2015, according to Harris County Appraisal District records.

The building's sole tenant is Houston-based Foodarama.

Foodarama has at least five years remaining on its lease.

The property is in Timbergrove, a subdivision slightly northwest of the Heights and the Rice Military area.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2016/05/23/houston-retail-developer-scoops-up-heights-area.htmlRead more at the {Source}

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