Headwall Investments Sells 18,000 SF Gorman Plaza Retail Center In Pleasanton, Texas
2044 West Oaklawn Road
Building Size
18,000 SF
Asset Type
Retail
Closing
Jul 30, 2025
AI
A retail center located at 2044-2048 West Oaklawn Road in Pleasanton, TX, has been sold. This property spans 18,000 square feet and is part of the Pleasanton market. The transaction marks a strategic shift for the seller in their investment focus.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2044-2048 West Oaklawn Road
- Market: Pleasanton
- Square Footage: 18,000
- Seller: George J. Wommack - Headwall Investments
Headwall Investments has completed the sale of Gorman Plaza as part of its strategy to concentrate on core Texas markets. The transaction enhances the company's portfolio, now encompassing major Texas metropolitan areas, and reinforces its commitment to acquiring well-located neighborhood shopping centers.
Players
Pleasanton 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