Meghani Capital Leases 7500 SF Retail Space To Spanish Schoolhouse In Cypress
8231 Greenhouse Road
$32
$32/SF
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
$32
$32/SF
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