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5138 Katy Hockley Road

Kenneth Pitts, Patricia Laird, & Mary Munoz Sell 20 Acre Development Site In Katy
SOLDDevelopment Site

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

Huntley Grichor

Red Key Properties

Broker

14 deals

Broker

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