Sale Of 2004 Mason Rd Katy TX 77450 With Buyer's Rep Josh Lass-Sughrue NAI Capital
2004 Mason Rd, Katy, TX, 77450
Building Size
40,094 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property involved in this transaction is Royal Montreal Plaza, a shopping center situated at 2004 Mason Rd, Katy, TX, 77450, across a total area of 40,094 square feet. The shopping center is located in the Katy market.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: Not Disclosed
- Square Feet: 40,094
- Address: 2004 Mason Rd, Katy, TX, 77450
- Market: Katy
- Seller's Representative: Josh Lass-Sughrue, NAI Capital
- Buyer: Undisclosed
Josh Lass-Sughrue and Davis Amanyisye of NAI Partners represented the seller, Partners Capital, in this transaction. Partners Capital is an affiliate of Partners Real Estate Co., which originally acquired the asset in August 2018.
Players
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