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2004 Mason Rd, Katy, TX, 77450

Sale Of 2004 Mason Rd Katy TX 77450 With Buyer's Rep Josh Lass-Sughrue NAI Capital
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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

Josh Lass-Sughrue

NAI Global

Broker

3 deals

Broker

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