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
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