Houston suburban office building

OFFICE | KATY, TX

Acquisition of a two-story office building located in the West Houston suburb of Katy with quick access to Houston’s central business district

Investment highlights

  • The office building consists of three interconnected pods situated in the 110-acre Mason Creek office park.
  • The property is primely located near the I-10 interchange providing access to Houston’s central business district within 30 minutes.
  • The Far West/Katy submarket benefits from easy access to the Grand Parkway, which connects the western suburbs of Houston.

Location

Investment details1

Total loan size
$21,500,000
Purpose
Acquisition
LTV
76%
Date of loan
07/24/19
Year built
2009
Square feet
137,000
Portfolio weight
3.0%

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