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.
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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