Azim Makanojiya & Sharez Prasla Acquire Industrial Property At 125 West Crosstimbers Street In Houston
125 West Crosstimbers Street
Building Size
46,160 SF
Asset Type
Industrial
Closing
Jun 9, 2025
AI
This transaction involves an industrial property located at 125 West Crosstimbers Street in Houston, Texas. The asset encompasses 46,160 square feet situated on over 2.4 acres, positioned at the southwest corner of Yale Street and West Crosstimbers Street. The property is noted for its high visibility and robust street access, serving as a site for a new retail development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 125 West Crosstimbers Street
- Market: Houston
- SF: 46,160
- Buyer: Azim Makanojiya & Sharez Prasla - Kroozinn Crosstimbers LLC
- Seller: Tony Nguyen & Bruce Nguyen - Rezo Company
- Broker: Mark Davis - Davis Commercial
The deal involved Azim Makanojiya and Sharez Prasla representing Kroozinn Crosstimbers LLC as the buyers, while Tony Nguyen and Bruce Nguyen represented Rezo Company as the sellers. Mark Davis of Davis Commercial was the broker facilitating the transaction. Note: REZO is pleased to announce the successful exit at this location, recognizing the efforts of the Davis Commercial Real Estate team for a smooth transition.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · 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