Colliers Represents Buyer In Acquisition Of 299-Acre Development Site On Sharp Road, Katy
Building Size
—
Asset Type
Development Site
Closing
Aug 8, 2025
AI
A ±299-acre development site was acquired on Sharp Road in Katy, TX, located within the Katy Independent School District. The transaction emphasizes the significant size of the asset, which supports various development possibilities in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: Sharp Road
- Market: Katy
- Acres: 299
- Brokers: James Kadlick, Chris Hutcheson & Harrison Kane - Colliers
James Kadlick, Chris Hutcheson, and Harrison Kane of Colliers represented the buyer in this transaction, demonstrating the firm's involvement in significant property deals within the region.
Players
Market 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