Canyon Falls Retail Center
12501 Canyon Falls Blvd.
Willis, TX 77318
D’Agostino Companies acquired this property in September 2011 out of foreclosure from Citizens Bank. This small shop retail center is located ½ miles west of Interstate 45 on FM 1097 in Willis, Texas, and is immediately adjacent to the Willis Town Center Kroger-anchored shopping center and Walgreens, developed by Newquest Properties. The center consists of 16,092-square-feet, and rental rates were half of the cost of the small shop retail space in the Willis Town Center Shopping Center. At the time of acquisition, the property was 20% leased with the strategy of leasing up the property to stabilization then selling the property. D’Agostino Companies sold the asset in November 2013.
Land Area: 1.229 acres
Gross Building Area: 16,092 S.F.
Net Rentable Area: 16,092 S.F.
Parking Ratio: 4/1000 (Surface Parking)