Marcus & Millichap Facilitates Sale Of 14,000 Square Foot Retail Property In Houston
19304 Katy Freeway
Building Size
14,000 SF
Asset Type
Retail
Closing
Jul 30, 2026
AI
The 14,000-square-foot Greenhouse at I-10 Retail Center in Houston, TX, has been sold between private buyers and sellers. The asset is located at 19304 Katy Freeway, and it is categorized as a retail property. The buyer intends to utilize 10,000 square feet of the space for medical purposes, while Excel Urgent Care remains a tenant in the remaining leased area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 14,000
- Address: 19304 Katy Freeway
- Market: Houston, TX
- Broker Representation: Joseph Jaques, Alex Wolansky, Ron Hebert & Gus Lagos - Marcus & Millichap
The transaction involved Marcus & Millichap representing both the buyers and sellers, facilitating the deal. The team comprised Joseph Jaques, Alex Wolansky, Ron Hebert, and Gus Lagos, who played crucial roles in executing the transaction.
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