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1411 South Gordon Street

Irfan Tejani Purchases 8 Gas Stations From Safan Maknojia In Alvin Texas Through Nabeel Ali
SOLDRetail

Irfan Tejani Purchases 8 Gas Stations From Safan Maknojia In Alvin Texas Through Nabeel Ali

1411 South Gordon Street

Building Size

4,500 SF

Asset Type

Retail

Closing

Dec 31, 2024

AI

The property asset involved in this transaction is a retail building located at 1411 South Gordon Street in Alvin, Texas. The total square footage of the asset is 4,500. The buyer of the property is Irfan Tejani, while the seller is Safan Maknojia.

Summary of transation details:

Nabeel Ali acted as the broker for this transaction, representing the buyer, Irfan Tejani. Notably, the Tejani Group closed on 8 gas stations in a single transaction, achieving this closure on New Year's Eve, which is considered a remarkable feat in Texas real estate, completing the process from contract to closing in less than 60 days.

Players

Nabeel Ali

Keller Williams Realty

Broker

$5.7M

vol

16 deals

Broker

Alvin 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