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24734748
24734749

640 S Peek Rd, Katy, TX 77450

RW
TX 538928
Walzel Properties
Listed by Walzel Properties
$2,500,000
323 days on market
Updated 34 days ago

640 S Peek Rd.

Details
APN 1275980010010
Property Type Office
Sub Type Traditional Office
Square Footage 4,781
Units 2
Cap Rate 6.50%
NOI $162,554
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2026
Broker Co-Op Yes
Class A
Year Built 2023
Stories 2
Investment Type Net Lease

Office | 6.50% CAP | 4,781 SqFt

Marketing description

2023 Premium office building currently leased on a NNN basis at 6.5% cap rate. This premium office building is all about location and convenience. It is near Katy's booming retail and entertainment area. Close by is the intersection of 99 & I-10, the Costco retail area, Katy's Asia town, Cinco Ranch, Falcon Point and the University of Houston - Katy campus. Restaurant and entertainment options abound within a stones throw. The downstairs of this high end two story office building features six offices, a large conference room with video conference screen, bullpen area, kitchen area, two restrooms and two storage areas each with its own overhead door. The upstairs features a large bull pen area, one office, a restroom and a kitchen area. The building offers a lot of windows making it light, cheery and a great place to work. The foyer of this building is designed for two separate tenants should that be desired. The owner of this building spared no expense in its design.

Investment highlights

6.5% Cap Rate, NNN

Listing Contacts

RW
TX 538928
Walzel Properties
Listed by Walzel Properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$162,554.00
$13,546.17/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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