MetroNational Acquires M-K-T Heights Mixed-Use Development In Houston With Partners Radom Capital And Triten Real Estate Partners
Building Size
218,000 SF
Asset Type
Mixed-use
Closing
Mar 27, 2026
AI
The M-K-T Heights is a mixed-use development located in Houston, comprising 218,000 square feet. The property features approximately 100,000 square feet of Class-A office space alongside 100,000 square feet dedicated to retail and dining, with tenants including Lululemon, Sweetgreen, and Ray-Ban.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: M-K-T Heights
- Market: Houston
- Buyer: Jason Johnson & Scooter Hicks - MetroNational; Steve Radom - Radom Capital; Scott Arnoldy - Triten Real Estate Partners
MetroNational entered into a joint venture with Radom Capital and Triten Real Estate Partners for the acquisition of the M-K-T Heights development, which was initially developed by Radom and Triten. The collaboration emphasizes the strong partnership among the involved parties in enhancing the potential of this mixed-use asset.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93