Sterling Organization Acquires Retail Property In Katy For $21.25M
22150 Westheimer Parkway, Katy, TX, USA
$21,250,000
$218/SF
Building Size
97,266 SF
Asset Type
Retail
Closing
May 4, 2021
About this deal
AI
The retail property located at 22150 Westheimer Pkwy in Katy was recently sold for a price of $21,250,000. This property spans 97,266 square feet, resulting in a price per square foot of $218.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,250,000
- Address: 22150 Westheimer Pkwy, Katy
- Market: Katy
The buyer in this transaction was Sterling Organization, represented by Brian Kosoy.
The retail sale at 22150 Westheimer Parkway, Katy, TX, USA in Katy, Texas sold for $21.3M in 2021. The building is 97,266 square feet, implying about 218 per square foot on the published price. Brian Kosoy, Sterling Organization appear on the sale alongside Sterling Organization. This page is the Katy, Texas file for the 22150 Westheimer Parkway, Katy, TX, USA 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 22150 Westheimer Parkway, Katy, TX, USA around 2021. Published consideration for 22150 Westheimer Parkway, Katy, TX, USA is $21.3M, dated 2021. Cite this Sterling Organization Acquires Retail Property In Katy For $21.25M sale when underwriting similar retail product around Katy, Texas.
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93