Coldwell Banker Commercial Southwest
www.coldwellbusiness.com
Property ID: 60018
Property Type: Industrial
Property Address:
5446 First Street
Katy, TX 77493
County: Harris
Price: $1,350,000
Property Size: 30,564 Sq. Ft.
Lot Size: 132,853 Sq. Ft. |
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Property Description
The Retail Commercial Division of Coldwell Banker Commercial Southwest Partners is proud to announce:
$150,000 price reduction to $1,350,000
3% buyer's broker commission (up from 2%)
for the THE KATY MILLS WAREHOUSES with three contiguous buildings encompassing 30,564 SF on 3+ acres.
The Katy Mills Warehouses are located on First Street just off Interstate 10 less than ¾-mile from the Katy Mills Mall. Priced Reduced to $1,350,000, The Katy Mills Warehouses have 100% FINANCING AVAILABLE!
HIGHLIGHTS
(1) 30,564 total estimated SF including 28,524 estimated warehouse space supported by 2,040 SF estimated office space efficiently organized in a two story configuration
(2) 132,852 SF lot, expansive opportunities to increase SF or use lot to maximize your ROI and cash flow
(3) Up to 100% FINANCING available including property, new construction and improvements
(4) Outstanding warehouse configuration with 18’ to 22’ ceilings, 7 overhead doors, extensive concrete pads adjacent to building. Can drive an eighteen wheeler through the building.
(5) Strategically located at the Harris County, Ft. Bend County and Waller County geographic intersection
(6) Approximately ½ mile off of Interstate 10 with easy west bound access at the US 90/Katy Mills Boulevard (exit # 742) exit and east bound access at the Pin Oak Road/Katy-Ft. Bend County Road (exit # 741) exit
(7) Visible from Hwy 90 and Katy Mills is only ¾ mile away
(8) Interstate 10 traffic estimated at 109,000 today and projected to exceed 125,000 by the third quarter of 2010
(9) Superior access to Katy Mills with estimated 4 to 5 minute drive time
(10) 15.6 miles from the Interstate 10 West interchange with the West Sam Houston Beltway North in Houston
(11) Excellent transit and shipping proximity – less than 50 minutes estimated drive time from the Port of Houston, Houston Hobby Airport and Houston Bush Intercontinental Airport
(12) Only 2 hours and 24 minutes from Austin and 2 hours and 36 minutes to San Antonio
(13) Within a 3-mile radius, 31,212 estimated 2008 population with 3.99% projected annual population growth rate through 2012 more than three times the rate of Harris County and more than two times the rate of Katy
(14) Within a 3-mile radius, $900,000,000 estimated 2008 economy with 8.69% projected annual economic growth rate through 2012 more than 66% faster than the rate of Harris County and more than 50% faster than the rate of Katy
Call 979.421.9996 to contact any member of the Investment Property Division.
PROPERTY
Encompassing 30,564 SF with 2,000 SF of office space. Ceiling heights ranging from 10’-18’-22'. Katy Mills Warehouses is ready for you to continue the current configuration or for a new business plan tailored to your goals and objectives.
28,524 sf in an open two-story space, the Katy Mills Warehouses can accommodate extraordinary flexibility regarding space planning and space reallocation.
With less than 39% of the 132,853 SF land currently used, it provides the potential to significantly expand the warehouse or use the land to maximize your ROI and cash flow.
Cuttently can drive an eighteen wheeler through the building. An exit drive could potentially be put in to exit Third St.
The Katy Mills Warehouses is in very good condition. It encompasses three fully integrated additions. Constructed in 1977, the original building has 12,764 SF constructed of steel. Added in 1989, the first addition expands the space with an additional 5,800 SF constructed of fire resistant steel. Completed in 1990, the second addition contributes another 12,000 SF of fire resistant steel structure.
FINANCING
With a unique combination of loan alternatives including subordinated owner financing, you can take advantage of 100% financing. Your financing package can include land, new construction and improvements.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.
ADDITIONAL INTERNET LINKS
(1) Dedicated website:
http://property.loopnet.com/15621705
(2) Link to PDF and JPG files for easy downloading:
http://listing.loopnet.com/15621705
(3) Link to all demographic and econometric Reports utilized in PDF files for easy downloading:
http://www.coldwellbusiness.com/ListingReports.5446Fir stKatyStreet.html
LOCATION
(1) Strategically located at the Harris County, Ft. Bend County and Waller County geographic intersection
(2) Approximately ½ mile off of Interstate 10 with easy west bound access from the US 90/Katy Mills Boulevard (exit # 742) exit and east bound access from the Pin Oak Road/Katy-Ft. Bend County Road (exit # 741) exit
(3) Visable from Hwy 90 and Katy Mills is only ¾ mile away
(4) Interstate 10 traffic estimated at 109,000 today and projected to exceed 125,000 by the third quarter of 2010
(5) Superior access to Katy Mills with estimated 4-5 minute drive time
(6) 15.6 miles and 20 minute estimated drive time from Interstate 10 West/West Sam Houston Beltway North interchange in Houston
(7) Excellent transit and shipping proximity – less than 50 minutes estimated drive time from the Port of Houston, Houston Hobby Airport and Houston Bush Intercontinental Airport
(8) Only 2 hours and 24 minutes from Austin and 2 hours and 36 minutes to San Antonio
DEMOGRAPHICS AND ECONOMETRICS
The following summarizes key findings of the 3-mile radius around the Katy Mills Warehouses:
(1) 31,212 estimated 2008 population
(2) 3.99% projected annual population growth rate through 2012 more than three times the rate of Harris County and more than two times the rate of Katy
(3) $900,000,000 estimated 2008 economy
(4) 8.69% projected annual economic growth rate through 2012 more than 66% faster than the rate of Harris County and more than 50% faster than the rate of Katy
(5) At the 2-mile or 3-mile radius, the Katy Mills Warehouses outperforms Katy and Harris County in almost all other key demographic and econometric indicators normally reviewed by AT including: average effective buying income, percentage growth in effective buying income, average household income, percentage growth in household income, growth in consumer spending, family incomes of at least $100,000 and family incomes of at least $150,000
TAXES
Estimated 2008 taxes of $15,002.66 based on 2007 paid taxes increased by 8%. Consult your tax advisor regarding your expected taxes.
DISCLOSURES & COPYRIGHTS
CBC is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions- stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.
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Financial Summary
With a unique combination of loan alternatives including subordinated owner financing, you can take advantage of 100% financing. Your financing package can include land, new construction and improvements.
A decision on any subordinated owner financing provided to you is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others. |
Attached Documents
Document 1
Document 2
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Contact Information
Company: Coldwell Banker Commercial Southwest
Name: Administrator
Email: Click Here to Email
Phone: 979.421.9996
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