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
Katy Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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