Irfan Tejani Acquires 7,900 SF FasTrac Gas Station In Katy From Aiyaz Karediya
Building Size
7,900 SF
Asset Type
Retail
Closing
Jun 14, 2026
AI
The property involved in this transaction is the FasTrac Gas Station located in Katy, Texas. This asset is a retail convenience store with a total area of 7,900 square feet, contributing to the local market as a key player for fuel and convenience needs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Irfan Tejani
- Seller: Aiyaz Karediya
- Brokers: Sai Thakor & Aayush Desai - CBRE
- Date of Transaction: 06/15/2026
- Market: Katy
Irfan Tejani, who is the President and CEO of Pinnacle Oil & Gas, acquired this property as part of a larger portfolio acquisition. Aiyaz Karediya, the seller, was involved in this transaction with the representation of Sai Thakor and Aayush Desai from CBRE, a team recognized for its support of Pinnacle Oil & Gas, a long-standing client known for operational excellence in the convenience and fuel sector.
Players
Katy 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