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
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