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6500 North 10th Street

Andrew Pappas Of Partners Capital Acquires Colonnade Of McAllen Shopping Center In McAllen TX
SOLDRetail

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

Andrew Pappas

Partners Real Estate

Buyer

6 deals

Buyer

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