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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2906 South Bagdad Road
- Market: Leander
- Asset Size: 37,233 SF
- Buyer: Andrew Patterson - Shannon Waltchack
- Seller: Amir Kalantari - Kalantari Group
- Broker Representatives: Coleman Solomon & Philip Levy - Marcus & Millichap
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
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