Available For Sale - Office , Land

104,825 SF

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LISTED BY

Brenna Leach
Colliers , 713-830-2130
David Carter
Colliers International, 713-830-2135
Bill Byrd
Colliers International, 713-830-2131

AVAILABILITY DETAILS

Size
104,825 SF
Price/SF
N/A - Contact for Info
Listing ID
SA533342
Notes
Colliers is pleased to exclusively offer for sale this covered land opportunity, supported by a cash flowing office building. Current NOI on the building is $758,000 at 86% occupancy. 11999 Katy Freeway consists of 3.24 acres of asphalt parking, improved with a six-story 104,825 SF office building. The property is located along the east bound feeder road of Interstate-10 between Dairy Ashford and Kirkwood in the highly sought after Energy Corridor area. Daily traffic counts of ±312,787 cars per day. Surrounded by Cadillac, Lexus and Porsche car dealerships and across freeway from Energy Towers I – IV, which consists of 1,600,000 SF of class A office space at 92% occupancy.cy.



Location: convenient Energy Corridor location



Exceptional Access: direct I-10 access and visibility



High Traffic Counts: with over 312,787 vehicles traveled per day



NOI: $758,000 in-place NOI



Cap Rate: 8.5%



Price per SF (Land): $63.76



Strategic Investment Opportunity: excellent covered land opportunity on 3.24 acres with frontage on I-10



Flood Zone: located outside the 500-year flood plain



Sign CA - https://texas.colliers.com/11999...
Uses
Office
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brenna Leach, Colliers