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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Buyer: Unknown LLC
- Seller's Representative: Logan Kelly (Newman Kelly Real Estate Investment Services), Nate Newman (Newman Kelly Real Estate Investment Services)
- Market: Katy
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
Katy Industrial Market Snapshot
Boundary boundary · Industrial · 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