Randolph Wile & Philip Lepow Sell Retail Property On Katy Freeway In Houston
19227 Katy Freeway & 19235 Katy Freeway
Building Size
29,840 SF
Asset Type
Retail
Closing
Oct 21, 2024
AI
The property involved in this transaction is a retail asset located at 19227 & 19235 Katy Freeway, Houston. The total square footage of the property is 14,920, and it is categorized as a retail asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 19227 & 19235 Katy Freeway
- Market: Houston
- Seller: Randolph Wile & Philip Lepow - Wile Interests
- Brokers: Ryan West, John Indelli & Gianna New - JLL
Randolph Wile and Philip Lepow are the sellers representing Wile Interests in this transaction. The brokers involved in this sale are Ryan West, John Indelli, and Gianna New, operating under JLL.
Players
Houston 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