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20526 Katy Freeway

Strive Brokers Facilitates Sale Of Katy Retail Building Leased To Uncle Julio's
SOLDRetail

Strive Brokers Facilitates Sale Of Katy Retail Building Leased To Uncle Julio's

20526 Katy Freeway

Building Size

10,299 SF

Asset Type

Retail

Closing

Dec 5, 2023

AI

A 10,299 sq ft retail building in Katy, Houston has been sold in an undisclosed deal facilitated by Dallas-based STRIVE. The property, located at 20526 Katy Freeway, is currently leased to Uncle Julio's. STRIVE's brokers, Jackson Brewer and Jake Dutson, represented Houston investors in the transaction.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 20526 Katy Freeway, Katy, Houston
  • Market: Katy
  • Square Footage: 10,299 sq ft
  • Brokers: Jackson Brewer & Jake Dutson - Strive

Dallas-based STRIVE played a crucial role in brokering the sale of the retail building in Katy. Jackson Brewer and Jake Dutson represented Houston investors throughout the transaction. The deal highlights the expertise and professionalism of STRIVE in facilitating successful real estate transactions in the Houston area.

Players

Jake Dutson

Strive

Broker

8 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