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Meghani Capital Acquires Retail Property On Greenhouse Road In Cypress, TX For $2M

Property Image
SOLD
$2,000,000
Sai Thakor
Jacob Luna

Texas

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Retail200,724 SF
Sold 12/14/2023
the dealplayerscompscontact
Property Image
SOLD

Meghani Capital Acquires Retail Property On Greenhouse Road In Cypress, TX For $2M

Retail200,724 SF
Sold 12/14/2023
Sai Thakor
Jacob Luna
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$10
Total Square Footage:200,724 SF
Transaction Type:Sale

Sai Thakor and Jacob Luna of Marcus & Millichap have successfully facilitated the closing of a retail property located at 8227 & 8231 Greenhouse Road, Cypress, TX. The property spans 100,362 square feet and was sold for a price of $2,000,000. The transaction took place on December 14, 2023.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Address: 8227 & 8231 Greenhouse Road, Cypress, TX
  • Market: Cypress, TX
  • Buyer: Meghani Capital - Javed & Aliakbar Meghani
  • Seller: Smart Partners - Alim Maredia
  • BROKERS: Sai Thakor & Jacob Luna - Marcus & Millichap

Meghani Capital, an investment firm and developer, acquired this 2.27-acre retail property with plans to develop an 18,000 square foot retail space. The property was sold by Smart Partners, a Houston-based commercial real estate development firm. Sai Thakor and Jacob Luna represented both the buyer and the seller in this successful transaction.

Players

Sai Thakor
CBRE
Sai Thakor
25 deals$80.6M volume(832) 689-5400
BROKER
Jacob Luna
Marcus & Millichap
Jacob Luna
12 deals$66M volume
BROKER

Details

SOLD
IMAGE: Sai Thakor & Jacob Luna DATE: 12/14/2023 ADDRESS: 8227 & 8231 Greenhouse Road MARKET: Cypress, TX ASSET TYPE: Retail ~ SF: 100,362 BUYER: Meghani Capital - Javed & Aliakbar Meghani SELLER: Smart Partners - Alim Maredia BROKERS: Sai Thakor (@SaiThakor) & Jacob Luna (@JacobLuna10) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,000,000 NOTE FROM BROKER: Marcus & Millichap is excited to announce the closing of 8321 Greenhouse Rd, Katy Texas. The transaction was facilitated by the Luna-Thakor group. Meghani Capital, a premier investment firm and developer acquired this 2.27 Acres for a 18,000 Sq/Ft Retail Development. The land was offered shovel ready, with all approved permits. The property was acquired from SmartPartnersgp, Smart Partners is a commercial real estate development firm based out of Houston. Sai & Jacob represented both parties in a successful transaction.

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