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1712 Spring Green Boulevard...

Dutch Bros Acquires Retail Property In Katy For 40 Acres
SOLDRetail

Dutch Bros Acquires Retail Property In Katy For 40 Acres

1712 Spring Green Boulevard, Katy, Texas 77494, United States

Building Size

Asset Type

Retail

Closing

Jun 20, 2022

AI

Located at 1712 Spring Green Blvd in Katy, this retail property spanning 40 acres was sold in a recent transaction on 06/21/2022. The sale was facilitated by Kevin Sims and J.J. McDermott from NewQuest Properties, representing the seller. The buyer's representative was Greg Slusky from Sluco Realty.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1712 Spring Green Blvd
  • Market: Katy
  • Acres: 40

Dutch Bros, represented by Greg Slusky from Sluco Realty, acquired this retail property on 06/21/2022. The transaction was facilitated by Kevin Sims and J.J. McDermott from NewQuest Properties. Further details about the buyer or any financing involved in the deal were not provided in the available information.

Players

Kevin Sims

NewQuest Properties

Broker

14 deals

Broker
DB
Dutch BrosBuyer

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