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9615 Spring Green Boulevard

Level X Group Acquires 6.5 Acres Of Land In Katy, TX From Thor Equities
SOLDLand

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

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.

Players

LG
Level X GroupBuyer

Katy Land Market Snapshot

Boundary boundary · Land · 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