Updated Sep 25, 2026
Ashok Naran Purchases Development Site On Development Boulevard From Kary Lalani
Development Boulevard
Building Size
81,109 SF
Asset Type
Development Site
Closing
Nov 5, 2025
About this deal
AI
The transaction involves a development site located on Development Boulevard in Waco. The asset encompasses a total of 81,109 square feet, suitable for various development opportunities within the market. The deal was executed on 11/06/2025.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: Development Boulevard
- Market: Waco
- Asset Size: 81,109 SF
- Buyer: Ashok Naran
- Seller: Kary Lalani
- Brokers: Eric Guerrero & Matt Omansky - HVS Brokerage & Advisory
The key individuals involved in the transaction are Ashok Naran, acting as the buyer, and Kary Lalani, who served as the seller. The brokerage representatives Eric Guerrero and Matt Omansky facilitated the deal through HVS Brokerage & Advisory, representing the interests of their respective clients in this transaction.
On the Map
Development Site
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Players
Waco 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