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 £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
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £26,992,441 | |
Land Assessment | £7,902,437 | Total Assessment | £34,894,878 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£7,902,437
Improvements Assessment
£26,992,441
Total Assessment
£34,894,878
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Morton Business Park | 23125 Morton Ranch Rd
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