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Morton Business Park 23125 Morton Ranch Rd

29,165 SF Retail Building Katy, TX 77493 £4,655,578 (£160/SF) 6.42% Net Initial Yield

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
£4,655,578
Price Per SF
£160
Net Initial Yield
6.42%
NOI
£298,896
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
2.50 AC

Nearby Major Retailers

MOD Pizza
Chase Bank
Starbucks
F45 Training, Inc.
Bank of America
PJ's Coffee of New Orleans
Kroger
Dutch Bros
Regions Bank
9Round

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1393660010001
  • 1382510010001
Land Assessment
£7,902,437
Improvements Assessment
£26,992,441
Total Assessment
£34,894,878
  • Listing ID: 31903899

  • Date on Market: 23/05/2024

  • Last Updated:

  • Address: 23125 Morton Ranch Rd, Katy, TX 77493

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