Unknown Buyer Acquires 97761 SF Property At 23720 Westheimer Pkwy Katy With Buyer's Representatives
23720 Westheimer Pkwy, Katy, TX, 77...
Building Size
97,761 SF
Asset Type
Retail
Closing
Feb 25, 2019
AI
The transaction involves the sale of a retail asset located at 23720 Westheimer Pkwy in Katy, TX. The property boasts a total square footage of 97,761 and is part of the Cinco Ranch at Market Center development in the Houston metro area.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 23720 Westheimer Pkwy, Katy, TX
- Market: Katy
- Buyer’s Representatives: Lawrence Wilson - Venture Commercial, Brandon Miller - Newmark, John Zikos - Venture Investment Sales, Jonathan Cooper - Davidson Bogel Real Estate
- Buyer: Unknown
The seller of the property has not been disclosed, and the transaction was arranged by the team at Venture Commercial, highlighting their involvement in facilitating this sale in the Katy market.
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