Meghani Capital Leases 7500 SF Retail Space To Spanish Schoolhouse In Cypress
8231 Greenhouse Road
Building Size
7,500 SF
Asset Type
Retail
Closing
Oct 25, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 8231 Greenhouse Road in the Cypress market. The asset encompasses a total square footage of 7,500 and is under a NNN lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Aliakbar Meghani & Javed Meghani - Meghani Capital
- Tenant: Spanish Schoolhouse
- Landlord's Representative: Tooba Patoli & Abdul Sabha - Hunington Properties
- Tenant's Representative: Brandi Sikes - SVN J. Beard Real Estate
Meghani Capital, represented by Aliakbar Meghani and Javed Meghani, is a Houston-based Real Estate Private Equity firm. The firm specializes in land development, retail centers, flex warehouses, and multi-family projects, aiming to maximize returns for investors through strategic development and strong market relationships.
On the Map
Retail
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Players
Cypress Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
495718.75%
Cash-on-Cash
-141677.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93