3 Acres in Katy, TX - $1,350,000
The Investment Properties Division of Coldwell Banker Commercial in Brenham (CBC Brenham) is proud to present 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. PRICE 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) With a 132,852 SF lot, expansive opportunities to increase SF 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 adjac...
(4) Outstanding warehouse configuration with 18’ to 22’ ceilings, 7 overhead doors, extensive concrete pads adjacent to 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) 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) 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) $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 979.421.9810 to contact any member of the listing team: Diane Alexander, Listing Team Leader; or, Tootie Lyons, George Alexander or Chris DeAlmeida.
You can also contact the team by email as indicated on the "Web Links and Team Email" graphic attached.
PROPERTY
Encompassi ng 30,564 SF with 2,000 SF of office space, and ceiling heights ranging from 10’ to 18’ to 22’, the Katy Mills Warehouses is ready for you to acquire and continue in its current business model, or for a new business plan tailored to your goals and objectives.
With 28,524 in an open configuration and two-story ceiling space, the Katy Mills Warehouses can accommodate extraordinary flexibility regarding space planning and space reallocation.
With less than 39% of the 132,853 SF Katy Mills Warehouses land currently used, it provides the potential to significantly expand or add SF to maximize your ROI and cash flow.
The Katy Mills Warehouses is in very good condition. It encompasses three fully integrated additions. Constructed in 1977, the original building covers 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 most recent addition to the Katy Mills Warehouses 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 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.
ADDITIONAL INTERNET LINKS
See the attached "Web Links and Team Email" for information on the following:
(1) Dedicated Website.
(2) Downloadable graphics and pictures link to website with all graphics and pictures utilized in the Katy Mills Warehouses offerings in pdf or jpg files for easy downloading.
(3) Demographic and Econometric Reports link to all reports utilized in Katy Mills Warehouses offering in pdf files for easy downloading.
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) 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
Alexander Tiffany, LLC (“AT”) performed preliminary analysis of the demographics and econometrics to support your decision to buy the Katy Mills Warehouses.
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.
EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS
We offer immediate email contact when we list properties in categories you have expressed an interest. Please send an email to the Katy Mills Warehouses listing team as indicated in the "Web Links and Team Email" graphic with your specifications.
DISCLOSURE OF RELATIONSHIP BETWEEN AT AND CBC BRENHAM
AT is an owner of the company that owns CBC Brenham. AT provides ownership transaction services, private equity, management, financing and consulting to affiliates and clients.
ANALYSIS, GRAPHICS AND MEASUREMENT REFERENCES
All references to "Analysis" in this listing refer to analysis performed by AT on behalf of CBC Brenham. Analysis is preliminary and based on proprietary systems and models. Analysis is time sensitive and based on assumptions stated.
All graphics are artist renderings only to provide a reasonable representation. Measurements are Analysis estimates only to provide a reasonable representation. AT provides no explicit or implied warranty regarding the accuracy of renderings and measurements. They are for examples of reasonable representations only.
USE COPYRIGHTS AND LIMITATIONS
U.S. and international copyright laws protect analysis, graphics, images, narrative and other listing content. Analysis is for the specific and limited use of prospective purchasers or their legal representatives in evaluating the acquisition of the Katy Mills Warehouses. Any other use, copying, modifying, reference to or reproduction is strictly prohibited without the express written consent of AT.
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