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22525 Clay Road, Katy, TX, USA

Walton Street Capital Acquires Industrial Property In Katy From Duke Realty Corp
SOLDIndustrial

Walton Street Capital Acquires Industrial Property In Katy From Duke Realty Corp

22525 Clay Road, Katy, TX, USA

Building Size

805,601 SF

Asset Type

Industrial

Closing

Feb 9, 2021

AI

An industrial property located at 22525 Clay Road in Katy was recently sold in a closed transaction. The property spans across 805,601 square feet and sits on 54.15 acres. The sale took place on February 10, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 22525 Clay Road, Katy
  • Market: Katy
  • Square Footage: 805,601
  • Acres: 54.15

The seller of the property was Duke Realty Corp., while the buyer was Walton Street Capital. The transaction was facilitated by brokers Trent Agnew, Rusty Tamlyn, Charles Strauss, Tom Weber, and Jack Britton from JLL.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
Duke Realty
Duke RealtyBrokerage
Walton Street Capital
Walton Street CapitalBuyer
Duke Realty
Duke RealtySeller
Walton Street Capital
Walton Street CapitalLender

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