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

Property Image
SOLD
$10,277,567

Texas

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Retail17,269 SF
Sold 08/18/2023
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Property Image
SOLD

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

3651 N US Hwy 183 Leander, TX 78641, USA

See Similar Deals
Retail17,269 SF
Sold 08/18/2023
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$595
Total Square Footage:17,269 SF
Transaction Type:Sale

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
1 deal$10.3M volume(512) 767-7442
BROKER

Details

SOLD
IMAGE: Evan Dyer DATE: 08/18/2023 ADDRESS: 3651 N US Hwy 183 MARKET: Austin ASSET TYPE: Retail BROKER: Evan Dyer - Hunington Properties (@HuningtonProperties) SALE PRICE: $10,277,567 SF: 17,269 ~ PPSF: $595 NOTE FROM BROKER: Shops at Leander Ridge is a commercial property located at a prime spot on North Highway 183 in Leander, Texas. The property spans over 17,269 square feet and is currently fully occupied. It has a diverse and dynamic tenant mix that includes popular brands such as Scooter's Coffee, Safelite, and Wayback Burger.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,514.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,720.91
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