Dhanani Private Equity Group Acquires 44,950 Square Foot Retail Complex In West Houston
4000 Washington Avenue
Building Size
44,950 SF
Asset Type
Retail
Closing
Jan 22, 2026
AI
The retail asset involved in this transaction is located at 4000 Washington Avenue in Houston. It encompasses a total square footage of 44,950 and was built in 2008. The property is currently 97% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4000 Washington Avenue
- Market: Houston
- Square Footage: 44,950
- Buyer: Nick Dhanani - Dhanani Private Equity Group
- Broker Representatives: Jake Dutson & Michael Hill - Strive
This transaction was negotiated by Dallas-based STRIVE, which represented both the seller and the buyer in the deal. Washington Plaza is a retail and office complex located in West Houston.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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