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Classic Collision 33315 Katy Lee Ln 29,400 SF Retail Building Magnolia, TX 77354 $9,238,971 CAD ($314.25 CAD/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
$9,238,971 CAD
Price Per SF
$314.25 CAD
Cap Rate
6.50%
NOI
$600,533 CAD
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 | $2,361,538 CAD |
| Land Assessment | $591,557 CAD | Total Assessment | $2,953,095 CAD |
PROPERTY TAXES
Parcel Number
5430-01-01400
Land Assessment
$591,557 CAD
Improvements Assessment
$2,361,538 CAD
Total Assessment
$2,953,095 CAD
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Classic Collision | 33315 Katy Lee Ln
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