Morton Business Park | 23125 Morton Ranch Rd
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Morton Business Park 23125 Morton Ranch Rd
29,165 SF Retail Building Katy, TX 77493 $5,950,000 ($204/SF) 6.42% Cap Rate
Investment Highlights
- 3 buildings of flex use for sale with +/- 9,890 sf per building for a total of +/- 29,165 sf
- These 3 buildings are 100% leased out under NNN leases and personal guarantees.
- These 3 buildings were built in 2023 and were lay out in a "U" shape form
- Download here a marketing flyer for more detailed information and/or contact the listing agent for any questions.
Executive Summary
This is a listing of 3 buildings of +/- 9,890 sf each building planed in a "U" shape for a flex use (retail-office warehouse) , These 3 buildings were built in the year 2023, they are 100% leased out with a total of 5 tenants under NNN leases with personal guarantees.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,165 SF
Building Class
B
Year Built
2022
Price
$5,950,000
Price Per SF
$204
Cap Rate
6.42%
NOI
$382,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.50 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,497,336 | |
| Land Assessment | $10,099,606 | Total Assessment | $44,596,942 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,099,606
Improvements Assessment
$34,497,336
Total Assessment
$44,596,942
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Morton Business Park | 23125 Morton Ranch Rd
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