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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 10610 Gaston Road
- Market: Katy
- Square Footage: 21,598
- Acres: 2.2
- Brokers: Irby Rozelle & Justin Miller - Marcus & Millichap
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.
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Retail
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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