Longpoint Realty Partners Acquires Mason Village Shopping Center From DNA Partners In Katy
382 South Mason Road
Building Size
96,486 SF
Asset Type
Retail
Closing
Nov 12, 2024
About this deal
AI
The Mason Village Shopping Center is a retail property located at 306 382 South Mason Road in Katy, Texas. The asset encompasses 96,486 square feet and includes prominent tenants such as La Michoacana, Harbor Freight, and Freebirds. Recently, this retail center was sold by DNA Partners to Longpoint Realty Partners.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Square Footage: 96,486
- Address: 306 382 South Mason Road
- Market: Katy
- Buyer: Longpoint Realty Partners
- Seller: DNA Partners
- Broker Representatives: Clay Anderson, John Indelli & Ryan West - JLL
The sale was brokered by JLL, which facilitated the transaction between the buyer, Longpoint Realty Partners, and the seller, DNA Partners. The shopping center's strategic location and tenant mix contributed to its market appeal in the West Houston area.
On the Map
Retail
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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