AEW Capital Management Acquires Bar W Marketplace Retail Property In Leander From Barshop & Oles
19348 Ronald W Reagan Boulevard
Building Size
189,507 SF
Asset Type
Retail
Closing
Dec 2, 2024
About this deal
AI
The property involved in the transaction is located at 19348 Ronald Reagan Boulevard in Leander, featuring a total area of 189,507 square feet. It is categorized as a retail asset and is fully leased, anchored by H-E-B.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 19348 Ronald Reagan Boulevard
- Market: Leander
- Asset Size: 189,507 SF
- Buyer: AEW Capital Management
- Seller: Barshop & Oles
- Brokers: Barry Brown, Chris Gerard & Erin Lazarus - JLL
- Lender: Manulife Real Estate Finance
- Mortgage Brokers: Doug Opalka & Jackson Finch - JLL
The transaction involved Jonathan Martin representing AEW Capital Management as the buyer, while C. Patrick Oles Jr. represented Barshop & Oles as the seller. JLL acted as the brokerage firm facilitating the transaction and secured fixed-rate financing through Manulife Real Estate Finance.
Players
Georgetown 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