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23720 Westheimer Pkwy, Katy...

Unknown Buyer Acquires 97761 SF Property At 23720 Westheimer Pkwy Katy With Buyer's Representatives
SOLDRetail

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:

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

Brandon Miller

Masonre

Broker

10 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