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20621 Westheimer PkwyKaty, TX 77450

Prime Katy location, 4,584 SF, 5-year leaseback

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 4,584 square foot mixed-use property, built in 2020, is located in Katy, Texas's thriving Cinco Ranch community at the intersection of Westheimer Parkway and Fry Road. The Class A building features a creative office and storefront space, currently 100% occupied by a dance studio under a five-year leaseback agreement. The two-story building boasts high-end finishes, a modern design, and an elevator, enhancing its appeal and versatility. The property includes 19 parking spaces and sits on a 22,730 square foot lot. The building's adaptable layout is suitable for various uses, including retail, flex space, or office. The current tenant's successful 15-year history provides a stable income stream with a Net Operating Income (NOI) of $120,000. The property's strategic location across from McMeans Junior High School ensures high visibility and foot traffic. This sale-leaseback opportunity offers immediate returns and a strong potential for future appreciation in a desirable Katy, Texas location. The property's features include a large open area with 24-foot ceilings and a second-level open room.

Highlights

  • High-traffic corner location at Westheimer and Clay Rd.
  • Located in the Cinco Ranch master-planned community, Katy, TX.
  • Modern building constructed in 2020.
  • Features a spacious ballroom with 24-foot ceilings and a second-story open area.
  • Five-year lease extension secured with existing tenant.

Property Details for 20621 Westheimer Pkwy

Property type
Retail properties, Office properties
Square Feet
4,584 SF
Class
A
Year Built
2020
Buildings
1
Stories
2

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.737780851895
Longitude
-95.734576391637
20621 Westheimer Pkwy, Katy, Texas

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20621 Westheimer Pkwy
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