Andrew Pappas Of Partners Capital Acquires Colonnade Of McAllen Shopping Center In McAllen TX
6500 North 10th Street
Building Size
—
Asset Type
Retail
Closing
Jul 2, 2026
AI
The property involved in this transaction is the Colonnade of McAllen neighborhood shopping center located at 6500 North 10th Street, McAllen, TX. This retail asset spans 41,041 square feet and was fully leased at the time of sale. It represents a strategic addition to the buyer's portfolio.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 6500 North 10th Street
- Market: McAllen, TX
- Asset Size: 41,041 SF
- Buyer: Andrew Pappas - Partners Capital
- Note: This marks the first retail acquisition for Partners Capital's Opportunity Fund VI.
Andrew Pappas represented Partners Capital in this transaction, facilitating the acquisition and enhancing the company’s investment strategy in the retail sector.
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