Updated Oct 15, 2026
Sharez Prasla & Sohil Maknojia Acquire Development Site In Rosenberg For $5M From Melanie Dow
0 Hartledge Road
$5,000,000
$3/SF
Building Size
1,520,000 SF
Asset Type
Development Site
Closing
Jan 12, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 0 Hartledge Road in the Rosenberg market. The property was sold for $5,000,000, encompassing a total area of 1,520,000 square feet, which equates to a price per square foot of $3.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Buyer: Sharez Prasla & Sohil Maknojia
- Seller: Melanie Dow
- Square Footage: 1,520,000
- Price per Square Foot: $3
The buyers, Sharez Prasla and Sohil Maknojia, are associated with Stealth Group, which will be developing the largest truck stop in Texas on this site. The planned development will feature 500 truck parking spots, a 10,500 square foot store, three quick-service restaurants, a truck wash, and a truck mechanic shop.
On the Map
$5,000,000
$3/SF
Development Site
View full map
Players
Rosenberg 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93