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Building B 24924 Morton Ranch Rd 17,136 SF 81% Leased Retail Building Katy, TX 77493 For Sale
INVESTMENT HIGHLIGHTS
- Offers Due: Wednesday, December 10th
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the opportunity to acquire Building B of Market at Katy Park (the “Property”), a 81.4% leased, 17,136 square foot H-E-B shadow-anchored shopping center located in the flourishing Katy suburb of Houston, Texas. Located on the northeast corner of Katy Hockley Cutoff Rd and Morton Rd, Market at Katy Park is competitively positioned to grow its presence as West Houston’s preeminent grocery-anchored shopping destination. The seller is at lease with two prospects for the balance of the Property. With 6.8 years of WALT, an HEB shadow-anchor, and a diverse mix of credit and national tenancy, Market at Katy Park provides investors with secure bondable cash flow in one of Texas’ fastest growing trade areas. The Property is subject to restrictions, covenants and easements under a commercial property declaration and H-E-B lease memorandum, which affect the use and operation of the Property and the surrounding development. The declaration establishes a commercial property owners association, which has the right to levy assessments on the Property to pay costs incurred by the association for purposes described in the declaration. The owner of the Property is responsible for maintenance and repair of the building and other improvements contained within the Property. An interested buyer should conduct a thorough review of title documents covering the Property.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,136 SF
Building Class
B
Year Built
2024
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.01 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1467720020001 | Improvements Assessment | $7,686,177 CAD |
| Land Assessment | $2,626,486 CAD | Total Assessment | $10,312,663 CAD |
PROPERTY TAXES
Parcel Number
1467720020001
Land Assessment
$2,626,486 CAD
Improvements Assessment
$7,686,177 CAD
Total Assessment
$10,312,663 CAD
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Building B | 24924 Morton Ranch Rd
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