Meghani Capital Acquires Retail Property On Greenhouse Road In Cypress, TX For $2M
$2,000,000
$10/SF
Building Size
200,724 SF
Asset Type
Retail
Closing
Dec 14, 2023
AI
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
Market 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93