TRUX Parking Acquires Industrial Property At 4524 Katy Hockley Road With Brokers McKiernan, Fraga & Mashni
4524 Katy Hockley Rd
Building Size
640,332 SF
Asset Type
Industrial
Closing
Aug 26, 2024
AI
The property asset involved in this transaction is located at 4524 Katy Hockley Road in the Katy market. This industrial asset spans 640,332 square feet and is situated on 14.7 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4524 Katy Hockley Road
- Market: Katy
- Square Footage: 640,332
- Acres: 14.7
- Buyer: TRUX Parking
- Brokers: Patrick McKiernan, Juan Fraga & James Mashni - First Houston Properties
Key individuals involved in the transaction include Patrick McKiernan, Juan Fraga, and James Mashni, who represented First Houston Properties in the deal. The brokerage played a significant role in facilitating the transaction for the buyer, TRUX Parking.
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