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Classic Collision 33315 Katy Lee Ln 29,400 SF Retail Building Magnolia, TX 77354 $6,621,969 ($225.24/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Renovated Building with Expanded Footprint and New Insulated Roof
- Property in the Process of Being Converted to Public Utilities
- Full Service Paint, Body, and Glass Service Facility
- Entire Building has new HVAC systems along with other Tenant Installed Equipment
- 13 Years left of Primary Term with 2 – 5 Year Options at Market Rents
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
29,400 SF
Building Class
C
Year Built
2011
Price
$6,621,969
Price Per SF
$225.24
Cap Rate
6.50%
NOI
$430,428
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
2.34 AC
Zoning
2
Frontage
224’ on Katy Lee Lane
AMENITIES
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5430-01-01400 | Improvements Assessment | $1,674,719 |
| Land Assessment | $419,511 | Total Assessment | $2,094,230 |
PROPERTY TAXES
Parcel Number
5430-01-01400
Land Assessment
$419,511
Improvements Assessment
$1,674,719
Total Assessment
$2,094,230
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Classic Collision | 33315 Katy Lee Ln
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