Updated Sep 22, 2025
Nader Mezher Acquires Development Site In Houston From Hoang-Anh Mai For Redevelopment
2301 Cypress Creek Parkway
Building Size
55,321 SF
Asset Type
Development Site
Closing
Sep 17, 2025
About this deal
AI
The property asset involved in the transaction is a development site located at 2301 Cypress Creek Parkway, Houston. The site encompasses 55,321 square feet and was acquired for redevelopment purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Nader Mezher
- Seller: Hoang-Anh Mai
Nader Mezher, the buyer, has plans to redevelop the site into a national credit Single Tenant Net Lease (STNL). The acquisition is part of a strategic pursuit of retail corners at signalized intersections across Texas.
Players
Houston Development Site Market Snapshot
Boundary boundary · Development Site · 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