Private Investor Acquires CVS Drugstore In Katy With Zach Harrison As Seller's Rep

The property at 322 Cane Island Pkwy, Katy, TX, 77494, is a commercial asset that spans 14,698 square feet. It was sold to a private investor at an approximate 4.50 percent cap rate. The seller's representative for this transaction was Zachary (Zach) Harrison from Compass.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Not provided
• Market: Katy
• Buyer: Private Investor
• SF: 14698
• Seller's Rep: Zachary (Zach) Harrison(Compass)

The sales of the drugstore at 322 Cane Island Parkway achieved record-low cap rates for CVS sales in Texas. The transaction was spearheaded by Zach Harris of Stan Johnson Company. The property was acquired by a non-1031 exchange-driven private investor, indicating the high demand for retail assets in Texas.