20086 Franz RdKaty, TX 77449

For Sale
$2,299,000

High-Yield Katy Warehouse, 7,200 SF

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: a 7,200-square-foot flex/warehouse building situated on a 3.022-acre lot in Katy, Texas (77449), at 20086 Franz Rd, Harris County. This single-story building boasts a 22-foot ceiling height and offers 79 parking spaces. Currently generating a strong NOI of $187,164 (8.14% cap rate), with a pro-forma NOI of $210,444 (9.15% cap rate). The property includes two separate tenants, currently on month-to-month leases, but willing to extend for five years. The asking price is $2,299,000. Seller financing is available with a 40% down payment. This turnkey operation features income-producing truck parking, currently fully occupied and generating $12,875 in monthly rent. The property was part of a larger tract and has been subdivided. This rare offering presents a significant opportunity for investors seeking a high-yield industrial property in a prime Katy location.

Highlights

  • 7,200 SF flex/warehouse building on a 3.02-acre lot in Katy, TX (77449).
  • 22-foot ceiling height and 79 parking spaces.
  • Strong NOI of $187,164 (8.14% cap rate), pro-forma NOI of $210,444 (9.15% cap rate).
  • Asking price: $2,299,000; Seller financing available with 40% down payment.
  • Two tenants on month-to-month leases, willing to extend for five years.
  • Income-producing truck parking generating $12,875 monthly rent.

Property Details for 20086 Franz Rd

Property type
Other warehouses, Other industrial properties
Square Feet
7,200 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
131,638 SF

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.8044329
Longitude
-95.7323269
20086 Franz Rd, Katy, Texas

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20086 Franz Rd
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