Legacy Properties Acquires Retail Property In Cedar Park, TX For $6.7M
1201 North Lakeline Boulevard, Cedar Park, TX 78613
Building Size
21,214 SF
Asset Type
Retail
Closing
Dec 21, 2021
AI
Legacy Properties has acquired a retail property located at 1201 N Lakeline Blvd in Cedar Park, TX. The property spans approximately 21,214 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,700,000
- Address: 1201 N Lakeline Blvd, Cedar Park, TX
- Market: Cedar Park, TX
- Buyer: Legacy Properties
- Seller: Saadeh Properties
- Brokers: DeWitt Goss & Jeffery Miller - Matthews Real Estate Investment Services
The retail property at 1201 N Lakeline Blvd in Cedar Park, TX was sold by Saadeh Properties to Legacy Properties. The buyer was represented by DeWitt Goss and Jeffery Miller from Matthews Real Estate Investment Services.
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