Mars Shipping Service Leases 43475 Square Feet Office Space At 21331 Clay Road Katy Texas
21331 Clay Road
Building Size
43,475 SF
Asset Type
Office
Closing
Nov 20, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 21331 Clay Road, Katy, Texas, encompassing a total square footage of 43,475. The property is situated within the Bridgewater Commerce Center, providing a strategic location in the Katy market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 21331 Clay Road
- Market: Katy
- Landlord: Harbor Capital
- Tenant: Mars Shipping Service
- Landlord's Representative: Abraham Richardson, Boone Smith & Garret Geaccone - Stream Realty Partners
- Tenant's Representative: Rodney Henson - TopSky Realty Texas
This lease transaction was facilitated by Stream Realty Partners, representing the landlord, Harbor Capital. Rodney Henson from TopSky Realty Texas acted as the representative for the tenant, Mars Shipping Service, ensuring the negotiation and execution of the lease agreement.
On the Map
Office
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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