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27733 Katy Freeway, Katy, T...

Junction Commercial Real Estate Represents Sale Of 16.17 Acre Development Site In Katy, TX
SOLDDevelopment Site

Junction Commercial Real Estate Represents Sale Of 16.17 Acre Development Site In Katy, TX

27733 Katy Freeway, Katy, TX 77494

Building Size

Asset Type

Development Site

Closing

Dec 16, 2021

AI

An undeveloped site located at 27733 Katy Freeway in Katy, TX has been sold. The property, with a size of approximately 16.1695 acres, was part of a development site transaction that took place on December 16, 2021. The sale was facilitated by Reed Vestal and John Erck, who represented the parties involved in the deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: Not specified in the provided information
  • Address: 27733 Katy Freeway, Katy, TX
  • Market: Katy, TX
  • Acres: 16.1695

The deal was handled by Reed Vestal and John Erck from Junction Commercial Real Estate, who acted as the brokers in the transaction.

Players

Reed Vestal

Junction Commercial Real Estate

Broker

12 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

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