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
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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