exclusive multifamily offeringexclusive retail...
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EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING
PLAZAS AT MASON CREEK21768 KATY FWYKATY, TX 77449
OFFERING SUMMARY
YEAR 1 YEAR 2
Price $3,331,000
Down Payment 30% / $999,300
Loan Amount $2,331,700
Loan Type Proposed New
Interest Rate / Amortization 4.75% / 30 Years
Gross Leasable Area 6,020
Price/SF $553.32
Occupancy 100.0%
Year Built 4252
Lot Size 1.2 acre(s)
CAP Rate 6.00% 6.00%
Net Operating Income $199,848 $199,848
Net Cash Flow After Debt Service $53,889 $53,889
Total Return 8.99% / $89,869 9.17% / $91,616
INVESTMENT HIGHLIGHTS
§ Located on IH-10 in Mason Creek Corporate Business Park
§ New long-term leases
§ All expenses reimbursed
§ Strong demographics
EXCLUSIVELY LISTED BY:
James H. BellFirst Vice President InvestmentsDirector, National Retail GroupTel: (713) 452-4266License: TX [email protected]/JamesHBell
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. (Activity ID: Y0040382 Property ID: 4598028)
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
PLAZAS AT MASON CREEK21768 KATY FWYKATY, TX 77449
EXPENSES
CAM $19,577 $19,634
Insurance $4,553 $4,553
Real Estate Taxes $45,519 $45,519
Management Fee $7,200 $7,200
Miscellaneous Expenses
Total Expenses $76,849 $76,849
REVENUE
YEAR 1 YEAR 2
Base Rental Revenue $199,848 $199,848
Reimbursement Income $76,849 $76,849
Miscellaneous Income
Potential Gross Revenue $276,697 $276,697
General Vacancy
Effective Gross Revenue $276,697 $276,697
MAJOR TENANTS
McAlisters Deli
NET OPERATING INCOME
Net Operating Income $199,848 $199,848
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. (Activity ID: Y0040382 Property ID: 4598028)