Multi-housing / PRS

Station at Mason Creek

21500 Park Row Dr Katy, Texas United States 77449-2426
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2001
Building Area
Land Area ()
Number of units 291

Property description

291 unit garden style apartment complex situated on 13 acres in the booming Katy submaret. Average size units are 772 square feet and currently acheiving 16% tradeouts.

Investment highlights

  • Ideally Located in Booming Katy Submarket
  • Institutionally Maintained with Value-Add Potential
  • Prolific Submarket Rent Growth – Axio Projected 6% in 2022
  • Property Currently Achieving 16% Trade Outs
  • High Traffic Location near the intersection of I-10 and Mason Road
  • Abundant Suburban Demand Drivers
  • Fueling off of with Robust Suburban Demand and West Houston Growth
  • Zoned to Katy ISD, #2 School District in Houston


Last Updated Date: 30 Sep 2021
Dustin Selzer
Dustin Selzer
Senior Director, Capital Markets
Broker Licenses
TX-728983
Jett Lucia
Jett Lucia
Director, Capital Markets

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Last Updated Date: 30 Sep 2021

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