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18703 W Little York Rd, Kat...

Unknown LLC Acquires Industrial Property On W Little York Rd, Katy TX
SOLDIndustrial

Unknown LLC Acquires Industrial Property On W Little York Rd, Katy TX

18703 W Little York Rd, Katy, TX, 77449

Building Size

61,500 SF

Asset Type

Industrial

Closing

Feb 5, 2019

AI

The West Little York Office Plaza, a 61,500-square-foot business park in Katy, Texas, was sold in a transaction that took place on February 5, 2019. Situated at 18703 W Little York Rd, Katy, TX, 77449, the industrial property was built in 2015 on 3.7 acres. At the time of the sale, the asset was 87 percent leased.

Summary of transaction details:

The sale of the West Little York Office Plaza was facilitated by Nate Newman and Logan Kelly of Marcus & Millichap. They represented the seller, a local developer, in the transaction and also assisted in securing the buyer, an undisclosed limited liability company. Both parties involved in the deal opted to remain anonymous.

Players

Logan Kelly

Newman Kelly Real Estate Investment Services

Broker

2 deals

Broker
UL
Unknown LLCBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93