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21331 Clay Road

Mars Shipping Service Leases 43475 Square Feet Office Space At 21331 Clay Road Katy Texas
LEASEDOffice

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

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:

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.

Players

Boone Smith

Stream Realty Partners⁠

Broker

12 deals

Broker

Katy Office Market Snapshot

Boundary boundary · Office · Lease 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