Nick Dhanani Of Dhanani Private Equity Group Acquires 165,000 SF Office Building From Texas Instruments
13905 University Boulevard
Building Size
165,000 SF
Asset Type
Office
Closing
Jul 27, 2026
About this deal
AI
A 165,000-square-foot office building located at 13905 University Boulevard in Sugar Land, Texas, has been acquired by Dhanani Private Equity Group from Texas Instruments. The transaction was finalized on July 27, 2026. The buyer plans to utilize nearly 30,000 square feet for its headquarters while converting the remaining space into 40 office condominiums, with 25 units already under contract.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Buyer: Nick Dhanani - Dhanani Private Equity Group
- Seller: Haviv Ilan - Texas Instruments
- Market: Sugar Land, TX
- Asset Size: 165,000 square feet
Nick Dhanani, representing Dhanani Private Equity Group, will oversee the conversion of the property and manage the sale of the office condominiums. Haviv Ilan, from Texas Instruments, facilitated the sale of the building as part of the transaction.
Players
University Office Market Snapshot
Boundary boundary · Office · 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