Sharez Prasla & Sohil Maknojia Acquire Retail Property From Mammoth Holdings In Cypress For Development
19340 Spencer Road
Building Size
23,920 SF
Asset Type
Retail
Closing
Feb 15, 2026
About this deal
AI
This property asset involves two retail spaces located at 19340 & 19320 FM 529 Road in Cypress, Texas. The total square footage of the asset is 23,920. The deal was officially closed on February 27, 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Sharez Prasla & Sohil Maknojia
- Seller: Mammoth Holdings
- Market: Cypress
Stealth Group facilitated this transaction, marking a significant commitment to developing a new retail center aimed at enhancing the local community. Cypress is noted for its strong growth, and there are plans to further its development through this new project.
On the Map
Retail
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Players
Houston 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