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23219 Morton Ranch Road

Irfan Tejani Acquires 7,900 SF FasTrac Gas Station In Katy From Aiyaz Karediya
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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

Sai Thakor

CBRE

Broker

$80.6M

vol

25 deals

Broker

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