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10610 Gaston Road

Updated May 12, 2025

Marcus & Millichap Brokers Sale Of Fully Leased Gaston Retail Center In Katy Texas
SOLDRetail

Marcus & Millichap Brokers Sale Of Fully Leased Gaston Retail Center In Katy Texas

10610 Gaston Road

Building Size

21,598 SF

Asset Type

Retail

Closing

Mar 19, 2025

About this deal

AI

The property asset involved in this transaction is the Gaston Retail Center located at 10610 Gaston Road, Katy, Texas. This retail space encompasses a total square footage of 21,598 and sits on approximately 2.2 acres of land. The center was fully leased at the time of sale.

Summary of transaction details:

Justin Miller and Irby Rozelle represented the local developer seller in this transaction and successfully secured the buyer, both of whom chose to remain anonymous throughout the process. Marcus & Millichap facilitated the brokerage of the sale.

Players

Justin Miller

Marcus & Millichap

Broker

$18.5M

vol

6 deals

Broker
Transwestern
TranswesternBrokerage

Katy Retail Market Snapshot

Boundary boundary · Retail · 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

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