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814 East Ave
Katy, TX 77493
Office Property For Sale
EXECUTIVE SUMMARY
814 East Ave. is a well-maintained office building located in the heart of Old Katy, a proven and established submarket. The property has been historically 100% leased with a strong, complementary tenant mix and consistent occupancy driven by local demand. The largest tenant is currently paying significantly below-market rent, providing meaningful rent upside at rollover or renewal. In addition, there is the ability to capture remaining common area factor, offering further upside to increase effective rents and NOI without additional capital investment. The building has been well cared for, presents nicely, and offers investors a rare combination of stable in-place income with multiple, identifiable paths to value enhancement.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
12,288 SF
Building Class
B
Year Built
2006
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,288 SF
Building FAR
0.22
Lot Size
1.26 AC
Zoning
None
Parking
43 Spaces (3.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0471210000213 | Improvements Assessment | $2,087,585 |
| Land Assessment | $550,600 | Total Assessment | $2,638,185 |
PROPERTY TAXES
Parcel Number
0471210000213
Land Assessment
$550,600
Improvements Assessment
$2,087,585
Total Assessment
$2,638,185
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