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3651 N US Hwy 183 Leander, ...

Hunington Properties Sells Retail Property On North Highway 183 In Leander, Texas
SOLDRetail

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

Evan Dyer

Hunington Properties

Broker

$10.3M

vol

1 deal

Broker

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