Texas Mall on 59 Acres with Proforma 15% CAP for Sale
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Financial Details
- Asking Price:
- $14,500,000
- Annual Revenue:
- $3,807,000
- Location:
- Port Arthur, TX, US
- Source:
- Date:
- June 26, 2025
Key Highlights
- 605,000 SF regional mall on 59 acres in Texas.
- Proforma NOI of $2.2M and projected 15% CAP Rate at $14.5M.
- Significant potential for multifamily development and mixed-use repositioning.
Description
A 605,000 SF regional mall on 59 acres in Texas is offered for sale. The property has a proforma NOI of $2.2M and a projected 15% CAP Rate at $14.5M. Current occupancy is approximately 65% and growing, with two new anchor leases secured. The property has potential for multifamily development and mixed-use repositioning.
Industry Information
- Industry Description:
- Food & Beverage Businesses for Sale
- Classification:
- Retail
Listing Details
- Listing ID:
- 5567eede-3cc2-4aae-bdfe-a4d283a28698
- Deal Status:
- For Sale
- Date Posted:
- June 26, 2025
- Last Updated:
- June 26, 2025
- Currency:
- USD
Features & Tags
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