Venterra Realty Acquires Multifamily Property On Franz Road In Katy
23010 Franz Road, Katy, TX, USA
Building Size
20,456 SF
Asset Type
MultiFamily
Closing
Feb 3, 2021
AI
A multifamily property located at 23010 Franz Road in Katy has been sold. The transaction took place on 02/04/2021 and involved the sale of a total of 324 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not mentioned in the CONTEXT
- Address: 23010 Franz Road
- Market: Katy
InSite Realty served as the seller in this transaction, while Venterra Realty represented by John Foresi acted as the buyer. The deal was facilitated by brokers Matt Philips and Clint Duncan from CBRE.
Players
Katy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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