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17420 Katy Freeway

Ellingstone Group Acquires Office Building On Katy Fwy In Houston
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

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

Martin Hogan

JLL

Broker

$69M

vol

42 deals

Broker
EG
Ellingstone GroupBuyer
K
KBSSeller

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