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21765 Merchants Way - Medical Building-Katy 7,990 SF Health Care Building Offered at $3,500,000 at a 5.72% Cap Rate in Katy, TX 77449



INVESTMENT HIGHLIGHTS
- High Traffic Area
- Newer Building
- Newly Signed Tenant-5 Year Lease
- NNN Tenant
EXECUTIVE SUMMARY
Current tenant signed a 5 year lease in early 2024 with 2 (5 year term) renewals. Leased at $25/psf/year with NNN with 2% rent annual increase.
PROPERTY FACTS
| Price | $3,500,000 | Lot Size | 0.72 AC |
| Price Per Bed | $3,500,000 | Building Size | 7,990 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 5.72% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 2021 |
| Building Class | B | Parking Ratio | 6/1,000 SF |
| Price | $3,500,000 |
| Price Per Bed | $3,500,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 7,990 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 6/1,000 SF |
AMENITIES
- Wheelchair Accessible
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PROPERTY TAXES
| Parcel Number | 1370610010009 | Improvements Assessment | $1,707,891 |
| Land Assessment | $391,748 | Total Assessment | $2,099,639 |
PROPERTY TAXES
Parcel Number
1370610010009
Land Assessment
$391,748
Improvements Assessment
$1,707,891
Total Assessment
$2,099,639
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21765 Merchants Way - Medical Building-Katy
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