Listed by VeMex Investments
$2,590,000
Business / Office Park
Details
APN 0740730000013
Property Type Retail, Industrial
Sub Type Distribution, Flex
Square Footage 16,500
Net Rentable (SqFt) 16,500
Cap Rate 9.50%
NOI $202,350
Occupancy 91%
Tenancy Multi
Price per SqFt $158
Class A
Year Built 2021
Acreage 1.006
Zoning C-1, Commercial District
Investment Type Stabilized
Ground Lease No
Ceiling Height 18
Sale Condition For sale by owner
Office Warehouse Investment or Owner/user, Katy Houston, New Construction
Marketing description
5th St Business Park is a prime Katy location industrial property offering easy access to I10 and Grand Parkway. This 16,500 SF metal building features full insulation, LED energy efficient lighting, and an 18-foot eave height.
The property comes with a full HVAC system installed on the largest tenant space of 10,500 SF. Each bay (11) includes one 12' x 12' grade-level insulated door, providing excellent loading capabilities for the owner or tenants.
Investment highlights
- Total SF: 16,500 Metal Building
- Divisible by 1,500 SF
- Owner/User ideal
- Full HVAC system installed on largest current area (10,500 SF)
- $18 SF/YR Gross market lease rate
- Area comps of $190-204 SF on Sale, priced competitively @$157 SF
- Eave Height: ± 18'
- Loading: One 12' x 12' Grade-Level Insulated Door per bay
- Fully Insulated
- LED energy efficient
- Prime Katy location
- Easy access to I10 and Grand Parkway
Listing Contacts
Listed by VeMex Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,350.00
$16,862.50/mo
Valuation Metrics
0
DSCR
7.81%
Cap Rate
7.81%
ROI
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