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Joint Venture Acquires 137000 Square Foot Office Building In Katy Represented By JLL
SOLD
Texas
See Similar DealsOffice137,000 SF
Sold 01/23/2026
SOLD
Joint Venture Acquires 137000 Square Foot Office Building In Katy Represented By JLL
1400 Ravello Drive
See Similar DealsOffice137,000 SF
Sold 01/23/2026
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:137,000 SF
Transaction Type:Sale
A joint venture between a local investor and a medical user acquired a fully vacant office building located at 1400 Ravello Drive. The asset spans 137,000 square feet, and it is situated in Katy’s Mason Creek Business Park.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 137,000
- Address: 1400 Ravello Drive
- Market: Katy
- Brokers: Rick Goings & Kevin McConn - JLL
- Seller: A large lending institution
JLL represented the seller in this transaction, highlighting the prevailing end-user demand for office assets that contribute to reducing market vacancy. The deal reflects a strategic investment approach within the commercial real estate sector.
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Deal Type
30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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