Dhanani Private Equity Group Acquires 283,763 Square Foot Retail Center In Houston
2306 South Highway 6
Building Size
283,763 SF
Asset Type
Retail
Closing
Aug 10, 2026
About this deal
AI
The property asset involved in the transaction is a retail/power center located at 2306 South Highway 6 in Houston, featuring a total square footage of 283,763. The asset is situated in one of the highest-traffic areas within the Energy Corridor and Far West Houston, and includes a variety of national retailers such as Academy, Best Buy, Five Below, and Ross Dress for Less, along with Seismique, an immersive art and entertainment destination.
Summary of transaction details:
- Property Type: Retail / Power Center
- Transaction Amount: Not disclosed
- Buyers: Nick Dhanani, Nikhil Dhanani, Ali Wadhwani, and Nick Dhanani, Jr. - Dhanani Private Equity Group
- Buyer's Representative: Huntley Grichor - Red Key Properties
- Market: Houston
- Acquisition Bonus: Acquired at less than replacement value
The key individuals behind the deal are represented by the Dhanani Private Equity Group, with Huntley Grichor acting as the representative for the buyers. This acquisition of Village at West Oaks marks a significant development for the buyers in the realm of experiential real estate, emphasizing the existing functionality and established activity of the property.
Players
Houston 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