Marcus & Millichap Brokers $7.5M Sale of Restaurant Building in Katy, Texas
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- The 40th Houston story tracked on the wire in October 2026. All Houston coverage →
- 136 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building a…
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