23115 Morton Ranch RdKaty, TX 77449

For Sale
$6,500,000

Katy, TX Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Katy, Texas investment opportunity presents three modern, 2023-built buildings totaling 29,165 square feet on a 2.5-acre lot. The property boasts a desirable "U" shaped layout, ideal for flex use encompassing retail, office, and warehouse space. Currently 100% occupied by five tenants under triple-net (NNN) leases with personal guarantees, this multi-tenant property offers a secure and stable income stream. Each of the three buildings comprises approximately 9,890 square feet, providing flexibility and potential for future expansion or redevelopment. The property's strong occupancy rate and favorable lease terms contribute to an attractive 6.00% capitalization rate. Located in Harris County at 23115 Morton Ranch Rd, Katy, TX 77449, this Class B property is priced at $6,500,000, or $223 per square foot. The property's strategic location and diverse tenant mix make it an excellent addition to any investment portfolio. This is a turnkey investment opportunity with significant upside potential. Detailed financial information is available upon request.

Highlights

  • $6,500,000 asking price for a 29,165 SF mixed-use property in Katy, TX.
  • Three 2023-built buildings totaling 29,165 square feet, each approximately 9,890 SF, arranged in a U-shape.
  • 100% occupancy with five tenants under NNN leases with personal guarantees.
  • 6.00% cap rate.
  • 2.5-acre lot.

Property Details for 23115 Morton Ranch Rd

Property type
Other warehouses, Day care centers & nurseries
Square Feet
29,165 SF
Class
B
Year Built
2023
Buildings
3
Lot Size (sq. ft)
108,900 SF
Units
5

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.816623
Longitude
-95.7746093
23115 Morton Ranch Rd, Katy, Texas

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23115 Morton Ranch Rd
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