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23015 Colonial Pky
Katy, TX 77449

Price Upon Request

Storefront Retail Office Condo For Sale  •  5,987 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 22,742 SF
  • Lot Size 0.8 AC
  • Building Class B
  • Year Built 2021
  • Tenancy Multiple
22 Transit Score
38 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit . Retail 5,987 SF Price Upon Request
  • Unit Size: 5,987 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment
Sale Notes
Can be purchased with other units.

Description

KAT Elite Center, located at 23015 Colonial Parkway, is purposefully developed in the 125-acre University Center, an expansive, all-encompassing, mixed-use campus featuring office, medical, retail, residential, and educational facilities. The property is situated in a premier, highly sought-after destination location in the Houston market. Positioned at the northeast corner of I-10 and Grand Parkway 99, KAT Elite Center boasts unrivaled visibility, walkability, and regional access. The property is accessible to over 35,000 vehicles traveling along Grand Parkway and over 144,000 vehicles per day traveling along I-10, providing passengers with direct entrance to a unique theme center. The campus’ robust tenant roster is centered around the Asian culture bolstered by diverse and authentic national, regional, and local retailers. 23015 Colonial Parkway is ideally located between the new college campuses supporting excellent foot traffic in front of the storefronts. The University of Houston-Victoria at Katy Campus opened in 2019 and has nearly 5,000 students enrolled. Houston Community College Campus is scheduled to open its new location at University Center in Spring 2022 with an anticipated enrollment of 2,000 students in the first year. Nearby destinations, including the Texas Medical Center (West Campus) and Katy Mills Mall, are just a 10-minute drive, the Premium Outlet is a 16-minute drive, and the George Bush Intercontinental Airport is a 42-minute drive. With easy accessibility and astronomical commercial growth in the area, this new retail section of KAT Elite Center shall continue the sphere of influence and promising businesses within the University Center. Katy is the ideal market for retail users, establishing itself as one of the fastest-growing cities in the country with a population growth of 53.9% over the last decade, over eight times the national average of 6.3%.

Highlights

Newly constructed retail center located in a 125-acre master-planned community anchored by two new college campuses.
The location benefits from heavy daytime foot traffic from the newly built Houston Community College and the University of Houston.
Purposefully developed off I-10 in a densely populated retail hub, situated 30 minutes West of Downtown Houston.
4 High-Visibility Retail Units with Fully Lease, the expected annual base rent is from $292K, Avg.Annual Escalation:2.5%+
The community is heavily influenced by Asian-inspired restaurants and eateries and nationally acclaimed retailers, including JCPenney and Sephora.
The surrounding area benefits from an average household income of $117,895 and a total consumer spending of $3.4 billion in a five-mile radius.

Financial Summary

Total Expenses: $0 USD

Amenities

  • Freeway Visibility
  • Signage

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 50 min - 40.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 136
Type: Surface
Included in Rent: Yes
Josie Lin 713-373-5761 UMRE Real Estate Group| Brokered by eXp Commercial
Josie Lin 713-373-5761 UMRE Real Estate Group| Brokered by eXp Commercial