Colliers Brokers Sale Of 104825 Square Foot Office Building In Houston's Energy Corridor
1999 Katy Freeway
Building Size
104,825 SF
Asset Type
Office
Closing
Dec 20, 2024
AI
11999 Katy Freeway is an office asset consisting of 104,825 square feet situated on 3.24 acres within Houston’s Energy Corridor. This strategic location is recognized for its high demand among businesses, providing potential investment opportunities in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 11999 Katy Freeway
- Market: Houston
- Asset Size: 104,825 square feet
- Land Area: 3.24 acres
The transaction was brokered by David Carter and Bill Byrd from Colliers, who represented the seller in the deal. Their involvement emphasizes the significance of the property within the competitive Houston market.
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