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24566 Kingsland Blvd, Katy,...

Updated Oct 29, 2024

The Ranch Office Leases Office Space At 24566 Kingsland Blvd In Katy With Tenant Rep Jeff Goldberg - Gold Key Partners
LEASEDOffice

The Ranch Office Leases Office Space At 24566 Kingsland Blvd In Katy With Tenant Rep Jeff Goldberg - Gold Key Partners

24566 Kingsland Blvd, Katy, TX 77493, USA

Building Size

163,120 SF

Asset Type

Office

Closing

Aug 17, 2020

About this deal

AI

The Ranch Office has recently leased a property located at 24566 Kingsland Blvd in Katy. The property is an office space measuring 16,312 square feet. The lease transaction was completed on August 18, 2020.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 08/18/2020
  • Address: 24566 Kingsland Blvd
  • Market: Katy
  • Tenant: The Ranch Office
  • Landlord: Boardwalk Crossing LLC
  • Tenant's Representative: Jeff Goldberg - Gold Key Partners
  • Landlord's Representative: Bob Conwell - NewQuest Properties
  • Size: 16,312 square feet

The leasing deal was facilitated by Jeff Goldberg from Gold Key Partners, who represented The Ranch Office as their tenant's representative. On the other hand, Bob Conwell from NewQuest Properties acted as the landlord's representative for Boardwalk Crossing LLC.

Players

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

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