Meghani Capital Acquires Retail Property On Greenhouse Road In Cypress, TX For $2M | 8227 & 8231 Greenhouse Road | Sai Thakor, Jacob Luna | Retail | Sale

Summary

Sale

TEXAS

Retail

200,724 sqft

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

All
3

Agents
2
Agencies
1

Sai Thakor

Associate

$54.2M Sold

Jacob Luna

Commercial Real Estate Investment Sales Associate

$40.1M Sold

Marcus & Millichap

Details

Deal Summary

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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Address8227 & 8231 Greenhouse Road

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