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The Strand Lofts

2402 Mechanic St, Galveston, TX, 77550

Property Details

  • Property Type: Condominium
  • Investment Type: Completed
  • Lot Size: 1 AC
  • Units: 37
  • Space Use: Residential

Property Description

Strand Lofts, an architectural masterpiece designed by the renowned Nicholas Clayton, stands as a testament to Galveston’s rich history and architectural legacy. This five-story office building and production plant, originally home to the prominent commercial printers Clarke and Courts, combines both sobriety and decorative exuberance in its design. The office space was converted and modernized to create 37 open loft condominium units. Each unit is specifically designed to capture optimal space & harbor/gulf views while maintaining historic artifacts, like parts to a printing press, original brick walls, original wood floors, cables & metal wings.

Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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