Paul D. Agarwal Of Capital Commercial Investments Acquires 240166 SF Office Building In Houston From R. Scott Dennis
15021 Katy Freeway
Building Size
240,166 SF
Asset Type
Office
Closing
Aug 22, 2025
About this deal
AI
The transaction involves a 240,166-square-foot office building located at 15021 Katy Freeway in Houston’s Energy Corridor. The property was sold from Invesco Real Estate to Capital Commercial Investments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 15021 Katy Freeway
- Market: Houston
- Asset Size: 240,166 square feet
- Buyer: Paul D. Agarwal - Capital Commercial Investments
- Seller: R. Scott Dennis - Invesco Real Estate
- Brokers: Kevin McConn & Rick Goings - JLL
This acquisition follows Capital Commercial Investments' previous purchase of the adjacent Energy Crossing II, which measures 327,404 square feet. The deal was brokered by JLL, with Kevin McConn and Rick Goings representing the brokerage in the transaction.
On the Map
Office
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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