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
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