Rice Village, Houston, Texas
Infill retail in Houston's Rice Village: built, leased to a mix of national and specialty tenants, and sold in 2015.
Completed
Site data
Rice Village is one of Houston's densest retail districts, and infill sites there come with tight parking ratios and unforgiving construction logistics.
The center was built, leased to national and specialty tenants, and sold in July 2015 for $14.2 million against a total project cost of $10.3 million.
Images
Project economics
| Total project cost | $10,311,223 |
|---|---|
| Equity | $4,801,161 |
| Sale price | $14,200,000 |
| Profit | $3,888,777 |
| Return on equity | 81% |
Owned by Vincere Real Estate LLC and managed by Jeff Barbles. Figures are unaudited, calculated from tax returns and closing statements, which are available on request. Past performance is not indicative of future results.
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