Kenneth Pitts, Patricia Laird, & Mary Munoz Sell 20 Acre Development Site In Katy
5138 Katy Hockley Road
Building Size
871,200 SF
Asset Type
Development Site
Closing
Dec 16, 2025
AI
The property asset involved in the transaction is a development site located at 5138 Katy Hockley Road and 5202 Katy Hockley Road. It encompasses a total of 20 acres and is situated in the Katy market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 5138 Katy Hockley Road & 5202 Katy Hockley Road
- Market: Katy
- Seller: Kenneth Pitts, Patricia Laird, & Mary Munoz
- Broker: Huntley Grichor - Red Key Properties
The deal features a collaboration of individuals, with Kenneth Pitts, Patricia Laird, and Mary Munoz acting as the sellers of the property. Huntley Grichor represents Red Key Properties in the broker role overseeing the transaction.
Players
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