Mason Ghaniabadi & Jordan Meehan Of Spark Properties Group Acquire Retail Portfolio For $19.5M
1420 Guylane Plaza, 2511 Paramount Boulevard, 5119 Plains Boulevard, 1701 West 5th Street, 1001 North Interstate 27, 535 North 25 Mile Avenue, 3329 Sherwood Way, 4112 Sunset Drive, 2100 South Georgia Street & 5811 South Western Street
$19,500,000
$3/SF
Building Size
610,243 SF
Asset Type
Retail
Closing
Oct 21, 2025
About this deal
AI
This transaction involves multiple retail assets located across Dumas, Amarillo, Plainview, Hereford, and San Angelo. The total sale price of the properties is $19,500,000, encompassing 610,243 square feet, which translates to a price per square foot of $32. The addresses of the sold properties include 1420 Guylane Plaza, 2511 Paramount Boulevard, 5119 Plains Boulevard, 1701 West 5th Street, 1001 North Interstate 27, 535 North 25 Mile Avenue, 3329 Sherwood Way, 4112 Sunset Drive, 2100 South Georgia Street, and 5811 South Western Street.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,500,000
- Total Square Footage: 610,243
- Price Per Square Foot: $32
- Buyer: Mason Ghaniabadi & Jordan Meehan - Spark Properties Group
The deal was facilitated by Mason Ghaniabadi and Jordan Meehan, who represent Spark Properties Group in the acquisition of these retail properties. Their involvement indicates a strategic move within the designated market areas.
On the Map
$19,500,000
$3/SF
Retail
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Players
Dumas 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93