Private Investor Acquires CVS Drugstore In Katy With Zach Harrison As Seller's Rep
SOLD
Texas
See Similar DealsCommercial14,698 SF
SOLD
Private Investor Acquires CVS Drugstore In Katy With Zach Harrison As Seller's Rep
322 Cane Island Pkwy, Katy, TX, 77494
See Similar DealsCommercial14,698 SF
Summary
TEXAS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:14,698 SF
Transaction Type:Sale
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.
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