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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

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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
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1370610010009
Land Assessment
$391,748
Improvements Assessment
$1,707,891
Total Assessment
$2,099,639
  • Listing ID: 33613651

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 21765 Merchants Way, Katy, TX 77449

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