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12250 S GESSNER RD

HOUSTON, TX 77071
active
ID: 1233650010001
12250 S GESSNER RD
active
Property image 2
Legal Description

RES A BLK 1 KWIK - SOUTH GESSNER

;
Property Overview

Bedrooms

Bathrooms

5,984

Sq Ft

2004

Year Built

Foreclosure Description

TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-7501 FILED 10/13/2025 9:48:29 AM NOTICE OF SUBSTITUTE TRUSTEE’S SALE. STATE OF TEXAS § § KNOW ALL MEN BY THESE P.- COUNTY OF HARRIS § we @ ed and | principal amount of WHEREAS, on June 4, 2021, IAK Holdings, Inc (“Bo




delivered that certain Balloon Real Estate Lien Note in the o: ONE MILLION THREE HUNDRED FORTY THREE THO AND 00/100 DOLLARS ($1,343,000.00), now payable to Stellar Bank by assignment, and bearing interest as stated therein (the "1726 Note"), said Note and d all other indebtedness, obligations and liabilities of any kind of the Grantors, o1 er of the Note, to Beneficiary, now or


hereafter existing, absolute or contingett joint r several, secured or unsecured, due or not due, arising by operation of law or , being secured by that certain Deed of Trust and Security Agreement dated June’4, 2021, executed by [AK Holdings, Inc., as “Grantor” in favor of ion A. ; If], as Trustee, filed for record on June 8, 2021 in the Official Public Records County, Texas, under Instrument No. RP-2021-318977




vering and describing the “Premises”, as such term is defined in the er secured by that certain Security Agreement dated June 4, 2021, all as further described in the Security Agreement) to secure payment of the Note; TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-7501 FILED 10/13/2025 9:48:29 AM being further secured by that certain UCC Financing ent filed on June 16, 2021 in the Texas Secretary of State under File No. 21-00251 Reference is further made to that certain Coll: nment of Rents and Leases dated June 4, 2021, executed by IAK Holdings, Inc., or” covering and describing the Premises, and filed for record on June 8, 2021 in cial Public Records of Harris County, Texas, under Instrument No. RP-2021-318978, whereby Borrower assigned all of its rights, titles and interests in any and all leases and rents of the Premises to further secured payment of the indebtedness. Reference is further made to that certain Guaranty Agreement dated June 4, 2021, executed by Sikander K. Pasha (“Guatantor hereby he jointly and severally, for themselves, their heirs, executors, inistrators and successors absolutely and unconditionally guaranteed to the Lender, 1 ssors and assigns, the prompt, complete and full payment at maturity of all su ing and to be owing. WHEREAS, default has oc ler the terms and provisions of the referenced Notes and Deed of Trust and Sa oe wholly due, and Stellar Bank, formerly known as Allegiance Bank (the "Mortgagee"), the owner and holder of the Notes, has requested the undersigned to sell the Premises and Collateral described below; and WHEREAS, the abo: Trustee and any previously appointed Substitute Trustee(s) was removed in accordance with the Deed of Trust and the Mortgagee-designated and appointed Ted L. Wall Jasper, Texas 75951, itute Trustee to enforce the Trust set forth in said Deed of Trust. “ d Andrew W. Gray, 125 Main Street, PO Box 62, L TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-7501 FILED 10/13/2025 9:48:29 AM NOW, THEREFORE, pursuant to the authority conferred upon me by the Deed of Trust, I hereby give notice that the Premises and Collateral described below will be sold at ublic ‘on to the highest bidder for cash. The sale is scheduled to be held at the following


C.S.T and may not occur not later than 4:00 p.m. C.S.T. u City Event Center 9401 Knight Road, Harris County, Houston, 047 or if the preceding area is no longer the designated area, at the area most recently designated by the County Commissioner’s Court or as designated by the County Commissioners Court PURSUANT TO SECTION 51.002 OF THE ZEXAS PROPERTY CODE AS THE PLACE WHERE FORECLOSURE ES. ARE TO TAKE PLACE OR AS DESIGNATED BY THE COUNT. MMISSIONERS. This conveyance willbe m bject to any exceptions referenced in the Deed of Trust, if any, to the extent th in effect and shall not cover any part of the




Premises and Collateral that has be m the liens of the Deed of Trust. The Premises and Collateral that will be sol@at the for ure sale is described as follows:









Premises: RESTRICTED RESERV ” LOCK ONE (1), OF KWIK - SOUTH GESSNER, A SUB. N IN HARRIS COUNTY, TEXAS, ACCORDING TO THE MAP OR PL. RREOF, RECORDED IN FILM CODE NO. 521251 OF COUNTY, TEXAS; together with all buildings and other improvements thereon and hereafter placed thereon, and all fixtures, i quipment, apparatus, furniture, furnishings and other property, real and persona r installed or used on the above-described property or the improvements t! heating, lighting, refrigeration, plumbing, ventilati inerating, water-heating, cooking and air-conditioning equipment, fixtures and appurtenances, win screens, window






eon, and all which said and enjoyment of the above-described property and the i renewals, replacements and substitutions thereof and additions TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-7501 FILED 10/13/2025 9:48:29 AM Ulvg any utility capacities and wastewater reservations relating to any part of the above-described property; all rights, title and interest of Grantors in and to any and all Wastewater Capacity Reservations of any kind or character, if any, covering the Land or Improvements, issued or which may be issued by any governmental agencies having jurisdictions thereof, and all other rights relating to sewage treatment capacity, water capacity and utilities servicing the Land or Improvements (said rights described in this subparagraph being collectively sometimes called "Utilities Rights") and.all rights, title and interest of Grantors in and to any permits, licenses, franchises, certificates, and other rights and privileges obtained in connection with said real property; and all the estate, right, title and interest of every nature whatsoever of the Grantors in and to all of the foregoing and every part and parcel thereof Collateral: Accounts, Chattel Paper, Inventory, Furniture, Fixtures, Equipment, Instruments including Promissory Notes, Investment Property Documents, Deposit accounts, Debtor’s claim for interference with contract against, Letter-of-Credit rights, General Intangibles, including payment intangibles and Supporting Obligations. ACTIVE MILITARY SERVICE NOTICE RT AND PROTECT YOUR RIGHTS AS A MEMBER OF THE ARMED THE UNITED STATES. IF YOU ARE SERVING ON ACTIVE U' CLUDING ACTIVE MILITARY DUTY AS A MEMBER OF A

IN. ARD OR THE NATIONAL GUARD OF ANOTHER STATE OR EMBER ERVE COMPONENT OF THE ARMED FORCES OF THE D SEATES, P; S ND WRITTEN NOTICE OF THE ACTIVE DUTY MILIT VICE T' E SENDER OF THIS NOTICE IMMEDIATELY. To determine if d {6 and what protections may be afforded you under the Servicemembers Civil Relief Act, you ma he toll-free telephone numbers for Military One Source: From ited Stat 34) From outside the United States (where available): 1-800-342- collect: 484-530-5747.

THE SALE OF THE PREMISES AND COLLATERAL IS "AS-IS" AND "WHERE-IS" AND WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND BY THE SUBSTITUTE TRUSTEE, EXPRESS, IMPLIED, STATUTORY, QUASI-STATUTORY OR OTHERWISE, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE BEING EXPRESSLY DISCLAIMED. THE SUBSTITUTE TRUSTEE MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE COMPLIANCE WITH THE LAWS, RULES, AGREEMENTS OR 4 TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-7501 FILED 10/13/2025 9:48:29 AM 4 SPECIFICATIONS, CONDITION, QUALITY, CAPACITY, A_ DESIGN, OPERATION, ABSENCE OF ANY LATENT DEFECTS OR ANY OTHER WARRANTY OR REPRESENTATION WHATSOEVER WITH RESPECT TO THE PREMISES AND COLLATERAL, ALL OF WHICH ARE EXPRESSLY WAIVED BY PURCHASER. SUBSTITUTE TRUSTEE RESERVES THE RIGHT TO DETERMINE NTS IN WHICH BIDS WILL BE ACCEPTED AND TO ANNOUNCE S T ALE. ‘tober 9, 2025

Property Details
Property ID:1233650010001
Owner Name:IAK HOLDINGS INC
County:Harris County
Year Built:2004
Living Area:5,984 sq ft
Bedrooms:
Status:
active
Images Available:Yes
Coordinates:29.642977,-95.52828
Pricing Information

Appraised Value

$797,065

Default Amount

$1,343,000

Potential Savings: -$545,935

Auction Information

Auction Date

November 4, 2025

Foreclosure Type

mortgage

Owner Information

Current Owner

IAK HOLDINGS INC

Location & County Info

Coordinates

29.642977,-95.52828

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