Level X Group Acquires 6.5 Acres Of Land In Katy, TX From Thor Equities
9615 Spring Green Boulevard
Building Size
283,135 SF
Asset Type
Land
Closing
Oct 5, 2023
About this deal
AI
A land property located at 9615 Spring Green Boulevard in Katy, Texas has been sold in a transaction. The land spans over 6.5 acres with a building square footage of 283,135. The sale was facilitated by Thor Equities, the seller, to Level X Group, represented by Sheheryaar Mohammad and Jamail Virani.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: 9615 Spring Green Boulevard, Katy, TX
- Market: Katy, TX
- Building Square Footage: 283,135
- Acres: 6.5
The buyer in this transaction is Level X Group, represented by Sheheryaar Mohammad and Jamail Virani. Thor Equities acted as the seller. This deal marks the transfer of ownership for the land property located at 9615 Spring Green Boulevard in Katy, Texas.
On the Map
Land
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Katy Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
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