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26149 Katy Freeway

Reza Zakhireh & Amir Zakhireh Acquire Development Site From Fidelis In Katy For Retail Center
SOLDDevelopment Site

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

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.

Players

Vincent Giammalva

Giammalva Properties

Broker

1 deal

Broker
F
FidelisSeller

Katy Development Site Market Snapshot

Boundary boundary · Development Site · 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