Marcus & Millichap closed the sale of a fully occupied 10,578-square-foot retail strip in Houston, Texas.
“Investors and businesses love the Heights because of its central location, excellent demographics, and diverse architecture,” said Justin Miller, senior vice president investments in Marcus & Millichap’s Houston office. “These characteristics are an outstanding foundation for investment and helped us source offers from a broad cross-section of local and out-of-state investors.” Miller represented the seller, a Houston-based developer, in the transaction.
Located at 1129–1141 E 11th St., the property sits at the signalized intersection of East 11th Street and Studewood Street, with traffic counts exceeding 17,000 vehicles per day. Tenants include Three Dog Bakery and Republic Boot Co. The site benefits from strong area demographics, with an average household income exceeding $175,000 within a one-mile radius.
