18037 W Little York Rd - Building 1 2,400 SF Industrial Building

Property Description

Katy Industrial Park is a 42,300 square foot industrial park located at 18035 and 18037 W. Little York Road in Katy, Texas. The property is currently priced at a 9.0% CAP on current income. With conservative financing, the property will produce an approximately 14% cash on cash return, and after principal reduction the total return will be near 20%. The property is also 91% occupied which offers an investor some upside with very little downside. Finally, the property is located just outside of Houston in Katy, Texas, one of the fastest growing areas in the nation. See location overview below for more information on Katy.

Location Description

Katy Industrial Park is located in the Katy submarket, one of the fastest growing areas in the country. A 2014 report indicated that Katy ZIP code 77494 was the fastest growing in the entire nation. Katy has become a thriving community in recent years in part due to the multi-billion dollar expansion of the Grand Parkway and its proximity to Houston's Energy Corridor. The property is located at the corner of W. Little York Rd and Barker Cypress Rd between Highway 6 and Highway 99 (Grand Parkway) just south of FM 529. Highway 290, Beltway 8, and Interstate 10 are also in relatively close proximity to the property.