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8415 N Houston Rosslyn Rd H...

Mustafa Momin Acquires Gas Station In Houston For $4.05M With Buyer's Rep Aasir Momin & Seller's Rep Nabeel Ali
SOLDOther

Mustafa Momin Acquires Gas Station In Houston For $4.05M With Buyer's Rep Aasir Momin & Seller's Rep Nabeel Ali

8415 N Houston Rosslyn Rd Houston, TX 77088, USA

$4,050,000

$46/SF

Building Size

87,120 SF

Asset Type

Other

Closing

Aug 7, 2023

AI

A fully turnkey Sunoco Gas Station development located at 8415 North Houston Rosslyn Road in Houston has been successfully sold. The property encompasses a total of 87,120 square feet and was sold for a price of $4,050,000, resulting in a price per square foot of $46. The transaction involved the buyer, Mustafa Momin, and the sellers, Aftab Ali and Faraz Ali.

Summary of transaction details

  • Property Type: Gas Station
  • Transaction Amount: $4,050,000
  • Address: 8415 North Houston Rosslyn Road
  • Market: Houston
  • Square Footage: 87,120
  • Price per Square Foot: $46
  • Buyer: Mustafa Momin
  • Seller: Aftab Ali & Faraz Ali
  • Buyer's Representative: Aasir Momin from Epic Realty
  • Seller's Representative: Nabeel Ali from Keller Williams

Nabeel Ali, representing Keller Williams, and Aasir Momin, representing Epic Realty, played crucial roles in facilitating the transaction. Their expertise in gas station and gas station land transactions in the Texas area contributed to the successful closing of this exclusive property. The property remained off-market for a mere six days before being promptly placed under contract. For personalized assistance and expert guidance, interested parties are encouraged to reach out to Nabeel Ali and Aasir Momin.

Players

Nabeel Ali

Keller Williams Realty

Broker

$5.7M

vol

16 deals

Broker

Texas Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93