Living / Multi-housing

Prose Memorial

1148 Silber Rd Houston, Texas United States 77055-7126
Asking Price Contact for pricing
Area Size N/A
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Call for Offers 2022-03-22

Asset Description

  • Property Type- Wrap
    • Year Built- 2021
    • Units- 352
    • Average Unit Size- 826 sf
    • Rentable Square Feet – 290,728 sf
    • Site Size – 10.36 AC

Investment Highlights

  • Brand-New, Institutional Quality Construction
    • Zoned to Spring Branch ISD, Harris County’s #1 Urban School District
      • Memorial High School Ranked #1 College Prep Public School in Harris
    • Rent Growth Potential – Significant Discount to Mortgage with Income-Fueled Room to Grow
      • 54% Renter-Occupied Housing Units
      • $720,000 Average Home Values
    • Sophisticated Memorial Address Generates Strong Surrounding Demographics
      • $115,000 average household income
      • 37% of population earns over $100k
    • Proximate to affluent neighborhoods and top employment centers
      • LIVE: Memorial Villages | Tanglewood | Spring Branch
      • WORK: Interstate 10 Corridor | Galleria | Greenway Plaza
      • PLAY: Memorial Park | Memorial City | Uptown / Galleria
    • Highly accessible off Interstate 10, minutes from Loop 610
    • Speed to Stabilization – Averaging 20+ leases/month
    • Impressive Submarket Performance
      • 14.4% rent growth in T12
      • All-time high Class A rents 


Last Updated Date: 22 Feb 2022

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Last Updated Date: 22 Feb 2022

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