Lan Tran Acquires Retail Property At 2302 South Mason Road Katy From Phong Phan
2302 South Mason Road
Building Size
15,247 SF
Asset Type
Retail
Closing
Oct 4, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 2302 South Mason Road in Katy. The property encompasses a total square footage of 15,247. This sale transaction has been carried out between two parties: the buyer and the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2302 South Mason Road
- Market: Katy
- Asset Size: 15,247 SF
- Buyer: Lan Tran
- Seller: Phong Phan
- Broker: John Baddour - HighStreet Net Lease Group
In this transaction, Lan Tran acted as the buyer while Phong Phan represented the seller. The deal was facilitated by John Baddour from HighStreet Net Lease Group, who played a crucial role in the brokerage of this retail property transaction.
On the Map
Retail
View full map
Players
Katy Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Katy retail sales on Traded.
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