Jason Burger, Hugo Li & Zane Meng Purchase Retail Asset On Pond Springs Road With Aidan Morgensteren As Buyer's Rep
13091 Pond Springs Road
Building Size
31,000 SF
Asset Type
Retail
Closing
Mar 30, 2026
AI
The property asset involved in this transaction is a retail space located at 13091 Pond Springs Road in Austin, featuring a total size of 31,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 13091 Pond Springs Road
- Market: Austin
- Seller: Mark Willits & Roland Willits
- Buyer: Jason Burger, Hugo Li & Zane Meng
- Buyer's Representative: Aidan Morgensteren - Avison Young
This transaction involved key individuals including the buyers Jason Burger, Hugo Li, and Zane Meng, along with the sellers Mark Willits and Roland Willits. The representation of the buyers was handled by Aidan Morgensteren from Avison Young.
Players
Austin 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