Andrew Pappas Of Partners Capital Acquires Kessler Shopping Center From Liam Ltd For $XXXM
1050 North Westmoreland Road
Building Size
102,020 SF
Asset Type
Retail
Closing
May 13, 2025
AI
The property asset involved in the transaction is a retail asset located at 1050 North Westmoreland Road in Dallas. The asset encompasses 102,020 square feet and is situated on 10 acres of land.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Andrew Pappas - Partners Capital
- Seller: Liam Ltd
- Broker: William Harrison - Harrison Property Brokerage
- Lender: Brent Reed - Veritex Community Bank
Partners Capital has acquired the Kessler Shopping Center, marking its fifth deal for Opportunity Fund V and its second purchase in North Texas. The firm plans upgrades to signage and retail frontage to enhance performance, with Veritex Community Bank providing financing for the acquisition.
Players
Dallas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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