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11777 Katy Fwy, Houston, TX...

Next Investments LLC Acquires Property At 11777 Katy Fwy Houston With Buyer's Rep Payton Indermuehle
SOLDOffice

Next Investments LLC Acquires Property At 11777 Katy Fwy Houston With Buyer's Rep Payton Indermuehle

11777 Katy Fwy, Houston, TX, 77079

Building Size

120,520 SF

Asset Type

Office

Closing

Jan 2, 2019

AI

11777 Katy Fwy is a 120,520-square-foot office park located in the Energy Corridor area of Houston, Texas. The property spans 3.7 acres and was 60 percent occupied at the time of sale.

Summary of transaction details:

  • Property Type: Office Park
  • Transaction Amount: Not disclosed
  • Address: 11777 Katy Fwy, Houston, TX, 77079
  • Market: Houston
  • Buyer: Next Investments LLC
  • Seller: Dornin Investment Group
  • Buyer's Representative: Payton Indermuehle (Keen Realty Group)
  • Seller's Representative: Self-represented

Payton Indermuehle and Todd Jurek from Keen Realty Group LLC represented Next Investments LLC in this transaction, marking a significant deal in the Houston commercial real estate market. Dornin Investment Group, which has offices in Las Vegas and Laguna Beach, California, was self-represented in the sale of the property.

Players

Todd Jurek

Keen Realty Group

Broker

2 deals

Broker
DG
Dornin Investment GroupSeller

Houston Office Market Snapshot

Boundary boundary · Office · 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