Local Investor Purchases 23820 Square Foot Shopping Center In Webster From Out-Of-State Owner

A 23,820-square-foot shopping center located at 528 West Bay Area Boulevard in Webster, Houston has been sold. The property is situated in a retail market and features tenants such as Freebirds and Buffalo Wild Wings. The out-of-state owner had owned the asset for 20 years before selling it to a local investor.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 528 West Bay Area Boulevard
• Market: Webster
• Broker: Justin Miller - Marcus & Millichap

Justin Miller from Marcus & Millichap facilitated the transaction, representing the sale to a local investor. The previous owner was based out-of-state and had held onto the property for two decades before the recent transaction.