CTO Realty Growth, Inc Acquires Retail Property On Katy Freeway In Katy For $39.1M
20290 Katy Freeway, Katy, Texas 77449, United States
$39,100,000
$190/SF
Building Size
205,000 SF
Asset Type
Retail
Closing
Mar 6, 2022
About this deal
AI
The retail property located at 20290 Katy Freeway in Katy has been sold. The transaction was completed on 03/07/2022 for a sale price of $39,100,000. The property spans 205,000 square feet with a price per square foot of $191.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $39,100,000
- Address: 20290 Katy Freeway
- Market: Katy
- Image: John P. Albright
- Date: 03/07/2022
CTO Realty Growth, Inc represented by John P. Albright was the buyer in this transaction.
The retail sale at 20290 Katy Freeway, Katy, Texas 77449, United States in Katy, Texas sold for $39.1M in 2022. The building is 205,000 square feet, implying about 190 per square foot on the published price. Named participants on the 20290 Katy Freeway, Katy, Texas 77449, United States sale are John P. Albright. This page is the Katy, Texas file for the 20290 Katy Freeway, Katy, Texas 77449, United States retail sold: pricing, party profiles, and other closed retail comps from the same Katy sit in the Market section below. Filter that Katy retail set by closing date to see what else sold near 20290 Katy Freeway, Katy, Texas 77449, United States around 2022. Published consideration for 20290 Katy Freeway, Katy, Texas 77449, United States is $39.1M, dated 2022. Cite this CTO Realty Growth, Inc Acquires Retail Property On Katy Freeway In Katy For $39.1M sale when underwriting similar retail product around Katy, Texas.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93