Irfan Tejani Acquires Retail Property From Shi Khalil At 24914 Tomball Parkway
24914 Tomball Parkway
Building Size
30,056 SF
Asset Type
Retail
Closing
Aug 3, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 24914 Tomball Parkway in the market of Tomball. The total square footage of the property is 30,056. The buyer of the property is Irfan Tejani, while the seller is Shi Khalil.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 24914 Tomball Parkway
- Market: Tomball
- Square Footage: 30,056
- Buyer: Irfan Tejani
- Seller: Shi Khalil
- Broker: Shoby Kurjee - SK Real Estate Consulting
Shoby Kurjee of SK Real Estate Consulting represents the buyer, Irfan Tejani of Tejani Group, in this transaction. The broker has noted another successful closing marking an exception in their portfolio and expresses gratitude towards their client for the acquisition.
On the Map
Retail
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Players
Tomball 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93