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20432 Westfield Commerce Dr...

M Kidd Properties Inc Acquires Industrial Property In Katy For 21,750 SF
SOLDIndustrial

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

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

Steven Hazel

Broker

2 deals

Broker

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