Updated Oct 28, 2024
M Kidd Properties Inc Acquires Industrial Property In Katy For 21,750 SF
20432 Westfield Commerce Dr, Katy, TX, USA
Building Size
21,750 SF
Asset Type
Industrial
Closing
Jun 6, 2020
About this deal
AI
A 21,750 square foot industrial property located at 20432 Westfield Commerce Drive in Katy has been sold. The property sits on 1.31 acres and was sold on June 6, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 20432 Westfield Commerce Drive
- Market: Katy
- Square Footage: 21,750
- Acres: 1.31
The seller of the property was Westfield Commerce Center, LLC. The seller was represented by Steve Hazel and John Stavinoha from InSite Realty Partners. On the buyer's side, Mark Kidd Sr. and Mark Kidd Jr. from M Kidd Properties Inc acted as the buyer's representatives.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93