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2100 South W.S. Young Drive

Updated Dec 4, 2024

Kohan Retail Group Acquires Killeen Mall For $30.07M From Credit Suisse Commercial Mortgage Trust
SOLDRetail

Kohan Retail Group Acquires Killeen Mall For $30.07M From Credit Suisse Commercial Mortgage Trust

2100 South W.S. Young Drive

$30,070,000

$53/SF

Building Size

558,000 SF

Asset Type

Retail

Closing

Feb 23, 2024

About this deal

AI

The 558,000-square-foot Killeen Mall in Texas has been acquired by Kohan Retail Group for $30.07 million from Credit Suisse Commercial Mortgage Trust. The mall, with a high leasing rate of 92% as of November, is strategically located near Fort Hood, boasting a strong retail corridor. Anchored by JCPenney, Burlington, and Dillard's, this retail property is situated at 2100 South W.S. Young Drive in Killeen.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $30,070,000
  • Market: Killeen
  • Buyer: Mike Kohan - Kohan Retail Group
  • Seller: Credit Suisse Commercial Mortgage Trust
  • Square Footage: 558,000
  • Price per Square Foot: $54

Kohan Retail Group, led by Mike Kohan, successfully purchased the Killeen Mall from Credit Suisse Commercial Mortgage Trust. The acquisition comes after an unsuccessful auction held the previous year. The mall's prime location, along with its key anchor tenants JCPenney, Burlington, and Dillard's, positions it as a thriving retail center near Fort Hood. The strong leasing rate of 92% adds to the appeal of this investment in the retail sector.

On the Map

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$30,070,000

$53/SF

Retail

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Killeen Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $53 per square foot on a published $30.1M for 558,000 square feet (2024).

Browse Killeen retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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