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
Katy Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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