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115 South Lakeline Boulevard

Todd Briddell Of CenterSquare Investment Management Acquires Retail Center In Cedar Park From Amir Kalantari
SOLDRetail

Todd Briddell Of CenterSquare Investment Management Acquires Retail Center In Cedar Park From Amir Kalantari

115 South Lakeline Boulevard

Building Size

22,443 SF

Asset Type

Retail

Closing

Nov 20, 2024

AI

The property involved in this transaction is a retail center located at 115 South Lakeline Boulevard in Cedar Park, Texas. This asset, known as the Shops at Lakeline, encompasses a total area of 22,443 square feet and is situated on 1.9 acres. The transaction has taken place between two parties, with CenterSquare Investment Management acquiring the asset from Kalantari Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Undisclosed
  • Square Footage: 22,443
  • Acres: 1.9
  • Buyer: Todd Briddell - CenterSquare Investment Management
  • Seller: Amir Kalantari - Kalantari Group
  • Brokers: Coleman Solomon, Philip Levy & Wes Peacock - Marcus & Millichap
  • Date of Transaction: 11/20/2024

This transaction involved Todd Briddell representing CenterSquare Investment Management as the buyer, while Amir Kalantari represented the Kalantari Group as the seller. The deal was brokered by a team from Marcus & Millichap, specifically Coleman Solomon, Philip Levy, and Wes Peacock, who facilitated the agreement between the two parties.

Players

Philip Levy

Marcus & Millichap

Broker

$34.7M

vol

42 deals

Broker

Cedar Park 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