SOLDOffice
Ellingstone Group Acquires Office Building On Katy Fwy In Houston
17420 Katy Freeway
Building Size
199,001 SF
Asset Type
Office
Closing
Oct 22, 2021
About this deal
AI
The office property located at 17420 Katy Fwy in Houston has been sold as part of a recent transaction. The property spans approximately 199,001 square feet and was listed for sale.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17420 Katy Fwy, Houston
- Market: Houston
- Seller: KBS - Brett Merz
- Buyer: Ellingstone Group
The deal was facilitated by the brokers Kevin McConn and Marty Hogan from JLL. They represented both the buyer, Ellingstone Group, and the seller, KBS - Brett Merz, in the transaction.
Players
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