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21765 Merchants Way - Medical Building-Katy 7,990 SF Health Care Building Offered at $4,826,255 CAD 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 | $4,826,255 CAD | Lot Size | 0.72 AC |
| Price Per Bed | $4,826,255 CAD | 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 | $4,826,255 CAD |
| Price Per Bed | $4,826,255 CAD |
| 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 | $2,408,314 CAD |
| Land Assessment | $552,408 CAD | Total Assessment | $2,960,722 CAD |
PROPERTY TAXES
Parcel Number
1370610010009
Land Assessment
$552,408 CAD
Improvements Assessment
$2,408,314 CAD
Total Assessment
$2,960,722 CAD
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21765 Merchants Way - Medical Building-Katy
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