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1050 North Westmoreland Road

Andrew Pappas Of Partners Capital Acquires Kessler Shopping Center From Liam Ltd For $XXXM
SOLDRetail

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:

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

William Harrison

Harrison Property Brokerage

Broker

1 deal

Broker
Andrew Pappas

Andrew Pappas

Partners Capital Inc.

Buyer

6 deals

Buyer
VB
Veritex Community BankLender

Dallas 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