Updated Oct 28, 2024
Mirae Asset Global Investments Acquires Industrial Property In Katy For $190M
1800 Mason Road, Katy, Texas 77449, United States
$190,000,000
$126/SF
Building Size
1,500,000 SF
Asset Type
Industrial
Closing
Apr 20, 2022
About this deal
AI
An industrial property located at 1800 N. Mason Road in Katy, Texas has been sold for a price of $190,000,000. The property spans across 1,500,000 square feet, resulting in a price per square foot of $127. The transaction took place on April 21, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $190,000,000
- Address: 1800 N. Mason Road, Katy, Texas
- Square Footage: 1,500,000
- Price per Square Foot: $127
Mirae Asset Global Investments purchased the property from Tratt Properties. The deal was facilitated by Ken Hedrick from Newmark. The lending institution involved in the transaction was Athene Annuity & Life Assurance Co.
Players
Katy Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93