Irfan Tejani Acquires Retail Property At 7025 South Loop East In Houston Represented By Hassaan Alam
7025 South Loop East
Building Size
2,556 SF
Asset Type
Retail
Closing
Nov 29, 2024
AI
The property asset involved in this transaction is a retail space located at 7025 South Loop East in Houston. The asset encompasses a total area of 2,556 square feet and was sold on November 29, 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Address: 7025 South Loop East
- Market: Houston
- Square Footage: 2,556
- Buyer: Irfan Tejani
- Broker: Hassaan Alam - The Alam Group - Century 21 Tevas
This transaction was facilitated by Hassaan Alam, representing the buyer, Irfan Tejani, through The Alam Group at Century 21 Tevas. The Alam Group specializes in commercial real estate solutions aimed at delivering value and growth for clients in Texas's thriving market.
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