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North Laurent Street

The Criterion Fund Purchases West Texas Shopping Center Portfolio Represented By Ethan Offenbecher & Baker Baine
SOLDRetail

The Criterion Fund Purchases West Texas Shopping Center Portfolio Represented By Ethan Offenbecher & Baker Baine

North Laurent Street, South Western Street & South Georgia Street

Building Size

186,793 SF

Asset Type

Retail

Closing

Jul 27, 2025

AI

The transaction involved the sale of a retail portfolio consisting of three properties, namely Coronado Shopping Center located at 3325 & 3313 S Georgia St. & 3310 Wimberly Rd, 31st Street Shopping Center at 2909-3201 S Western St, and Town and Country Shopping Center at 1415 E. Airline. The total square footage of the portfolio is 102,991, and it is situated in the Victoria and Amarillo markets. The portfolio features 76 tenants across the three locations.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Square Footage: 102,991
  • Addresses: 3325 & 3313 S Georgia St. & 3310 Wimberly Rd, 2909-3201 S Western St, 1415 E. Airline
  • Market: Victoria & Amarillo
  • Buyer: The Criterion Fund
  • Buyer's Representative: Ethan Offenbecher & Baker Baine - Sands Investment Group

Ethan Offenbecher and Baker Baine represented the buyer, The Criterion Fund, in this transaction. They announced the successful sale of the West Texas Shopping Center Portfolio, which encompasses over 180,000 square feet across two counties.

Players

Ethan Offenbecher

Sands Investment Group

Broker

1 deal

Broker
Sands Investment Group
Sands Investment GroupBrokerage

Victoria 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