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Sharp Road in Katy

Colliers Represents Buyer In Acquisition Of 299-Acre Development Site On Sharp Road, Katy
SOLDDevelopment Site

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:

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

James Kadlick

Colliers

Broker

17 deals

Broker
Colliers
ColliersBrokerage

Market 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