713-852-3535
24924 Morton Ranch Rd, Katy, TX for Sale
Storefront - FOR SALE
1/7
null | Request Cap Rate

24924 Morton Ranch Rd
Katy, TX 77493
Bear Creek/Copperfield


OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building B

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

-

APN/PARCEL ID

1467720020001

ASK ABOUT THIS PROPERTY

Ryan WestJLLMore Info
713-852-3535

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Ryan WestJLLMore Info
713-852-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.