21765 Merchants Way - Medical Building-Katy
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21765 Merchants Way - Medical Building-Katy
8,004 SF Health Care Building Offered at $3,500,000 at a 5.72% Cap Rate in Katy, TX 77449
Investment Highlights
- High Traffic Area
- Newer Building
- Newly Signed Tenant-5 Year Lease
- NNN Tenant
Executive Summary
Current tenant signed a 5 year lease in early 2024 with 2 (5 year term) renewals. Leased at $25/psf/year with NNN with 2% rent annual increase.
Property Facts
| Price | $3,500,000 | Lot Size | 0.72 AC |
| Price Per Bed | $3,500,000 | Building Size | 8,004 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 5.72% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 2021 |
| Price | $3,500,000 |
| Price Per Bed | $3,500,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Property Type | Health Care |
| Lot Size | 0.72 AC |
| Building Size | 8,004 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built | 2021 |
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PROPERTY TAXES
| Parcel Number | 1370610010009 | Improvements Assessment | $1,675,167 |
| Land Assessment | $261,165 | Total Assessment | $1,936,332 |
PROPERTY TAXES
Parcel Number
1370610010009
Land Assessment
$261,165
Improvements Assessment
$1,675,167
Total Assessment
$1,936,332
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21765 Merchants Way - Medical Building-Katy
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