BH Properties Acquires Office Building In Katy For 127,955 SF
21700 Merchants Way, Katy, Texas 77449, United States
Building Size
127,955 SF
Asset Type
Office
Closing
Jan 26, 2022
AI
The office property located at 21700 Merchants Way in Katy has been sold. The transaction, which took place on January 27, 2022, involved an office building with a total area of 127,955 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 21700 Merchants Way
- Market: Katy
- Square Footage: 127,955
BH Properties has acquired the property from undisclosed sellers. The purchase was facilitated by Jeff Hollinden from JLL, who represented BH Properties as their broker in the deal.
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