Hunington Properties Sells Retail Property On North Highway 183 In Leander, Texas
3651 N US Hwy 183 Leander, TX 78641, USA
$10,277,567
$595/SF
Building Size
17,269 SF
Asset Type
Retail
Closing
Aug 18, 2023
AI
Located at 3651 N US Hwy 183 in Leander, Texas, the Shops at Leander Ridge is a retail property that recently changed ownership. The property spans over 17,269 square feet and is currently fully occupied. It is situated at a prime spot on North Highway 183, offering excellent visibility and accessibility for potential customers. The diverse and dynamic tenant mix includes popular brands such as Scooter's Coffee, Safelite, and Wayback Burger.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,277,567
- Square Footage: 17,269
- Price per Square Foot: $595
- Address: 3651 N US Hwy 183
- Market: Austin
- Broker: Evan Dyer - Hunington Properties
The sale of the Shops at Leander Ridge was facilitated by Evan Dyer of Hunington Properties. Serving as the broker in the deal, Evan Dyer played a key role in ensuring a successful transaction for all parties involved. His expertise and knowledge of the market contributed to finding a suitable buyer and negotiating favorable terms.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93