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2906 South Bagdad Road

Andrew Patterson Of Shannon Waltchack Acquires Retail Center In Leander From Kalantari Group
SOLDRetail

Andrew Patterson Of Shannon Waltchack Acquires Retail Center In Leander From Kalantari Group

Building Size

37,233 SF

Asset Type

Retail

Closing

Apr 23, 2025

AI

The retail asset at 2906 South Bagdad Road, located in the Leander market, encompasses a total space of 37,233 square feet. The property, known as the Shops at Leander, is comprised of four buildings situated on three acres. It includes tenants such as Domino’s, DaVita, and Bahama Buck’s.

Summary of transaction details:

Shannon Waltchack acquired the retail center from Kalantari Group in a transaction facilitated by brokers Coleman Solomon and Philip Levy from Marcus & Millichap. The deal highlights the involvement of these key individuals and their respective roles in the significant transaction.

Players

Philip Levy

Marcus & Millichap

Broker

$34.7M

vol

42 deals

Broker

Market 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