Hetsun Properties Sells Katy Self Storage Property For 93,455 SF
1555 West Grand Parkway North, Katy, TX 77493
Building Size
93,455 SF
Asset Type
—
Closing
Oct 23, 2021
About this deal
AI
An off-market self-storage property located at 1555 W. Grand Parkway N in Katy has recently been sold. The property spans over 2.5 acres and offers a total of 622 units, with a total square footage of 93,455. The transaction took place on October 23, 2021.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 1555 W. Grand Parkway N, Katy
- Market: Katy
- Acres: 2.5
- Units: 622
- Square Footage: 93,455
The seller of the property was Hetsun Properties. The deal was facilitated by Ryan DeGennaro from NAI Partners. Ryan DeGennaro represented the seller in the transaction.
On the Map
Players
Katy CRE Market Snapshot
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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