Irfan Tejani Acquires 33,000 SF Retail Property In Houston From Riz Hyder With Broker Shoby Kurjee
Building Size
33,000 SF
Asset Type
Retail
Closing
Dec 30, 2025
AI
This transaction involved a retail asset encompassing 33,000 square feet in the Houston market. The deal was executed successfully on December 31, 2025, marking the final transaction of the year for the parties involved.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Irfan Tejani
- Seller: Riz Hyder
- Broker: Shoby Kurjee - SK Real Estate Consulting
- Date of Transaction: 12/31/2025
The closing of this deal exemplified a strong partnership between SK-REC and Tejani Group. Shoby Kurjee from SK Real Estate Consulting played a key role in facilitating the transaction. The successful execution was credited to the collaboration and coordination of both teams, highlighting the efforts of Tejani Group's legal, operational, and title teams.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · 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