Updated Jun 2, 2025
Reza Zakhireh & Amir Zakhireh Acquire Development Site From Fidelis In Katy For Retail Center
26149 Katy Freeway
Building Size
202,989 SF
Asset Type
Development Site
Closing
Mar 1, 2025
About this deal
AI
The property involved in this transaction is a development site located at 26149 Katy Freeway in Katy, Texas. The asset has a buildable square footage (BSF) of 38,000 and encompasses a total of 202,989 square feet. The site is suitable for a retail center development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 26149 Katy Freeway
- Market: Katy
- Buildable Square Footage: 38,000
- Total Square Footage: 202,989
- Buyer: Reza Zakhireh & Amir Zakhireh - Amirco Properties
- Seller: Fidelis
- Broker: Vincent Giammalva - Giammalva Properties
Giammalva Properties played a significant role in arranging the sale of this property, which spans 4.66 acres and is intended for development as a retail center. The seller, Fidelis, was represented by Giammalva Properties in this transaction.
On the Map
Development Site
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Katy Development Site 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