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814 East Ave 12,288 SF 90% Leased Office Building Katy, TX 77493 For Sale
INVESTMENT HIGHLIGHTS
- Prime Old Katy location. Complementary tenant mix. Rent growth at rollover or renewal. Well-maintained office building.
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
Building Size
12,288 SF
Building Class
B
Year Built/Renovated
2006/2024
Percent Leased
90%
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)
AMENITIES
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Move in ready second generation space, $/SF includes all costs except janitorial and communications
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,179 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,179 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,179 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Move in ready second generation space, $/SF includes all costs except janitorial and communications
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PROPERTY TAXES
| Parcel Number | 0471210000213 | Improvements Assessment | $2,896,775 CAD |
| Land Assessment | $764,024 CAD | Total Assessment | $3,660,798 CAD |
PROPERTY TAXES
Parcel Number
0471210000213
Land Assessment
$764,024 CAD
Improvements Assessment
$2,896,775 CAD
Total Assessment
$3,660,798 CAD
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814 East Ave
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