Marcus & Millichap Brokers Sale Of Westheimer Lakes II Shopping Center In Katy Texas
Fm 1093
Building Size
52,322 SF
Asset Type
Retail
Closing
Jan 9, 2026
About this deal
AI
Westheimer Lakes II is a retail property located at 26440 FM 1093 in Katy, Texas. The asset encompasses 52,322 square feet and is situated on 5.94 acres. It features 15 suites occupied by service, restaurant, education, and retail tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 52,322
- Address: 26440 FM 1093
- Market: Katy
- Acres: 5.94
- Built Year: 2013
- Brokers: Alex Wolansky & Gus Lagos - Marcus & Millichap
Alex Wolansky and Gus Lagos represented the seller, a local partnership, in this transaction. Marcus & Millichap facilitated the sale of the shopping center, which includes various tenants serving the local community.
On the Map
Retail
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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