WA Mount Houston, LLC & WA Cane Island, LLC Sells Retail Property In Houston For CAP 4.50%
322 Cane Island Parkway, Katy, TX, USA
Building Size
24,354 SF
Asset Type
Retail
Closing
Nov 6, 2021
AI
An retail property located at 322 Cane Island Parkway and 1802 West Mount Houston Road in Houston has been sold. The property spans across 24,354 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
The property was sold by WA Mount Houston, LLC and WA Cane Island, LLC. The transaction was facilitated by broker Zach Harris from Stan Johnson Company. The sale was completed with a capitalization rate (CAP) of 4.50%.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93