2300 Coit Rd
2300 Coit Rd, Plano, TX, 75075
Building Size
191,103 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is Park West Plaza, a shopping center located at 2300 Coit Rd, Plano, TX, 75075. The asset comprises 191,103 square feet and spans 17 acres. At the time of the sale, the property was 98 percent leased, featuring tenants such as Aldi, Elliot’s Hardware, Nadine Floor Co., CiCi’s Pizza, Dairy Queen, and Firehouse Subs.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: Undisclosed
- Address: 2300 Coit Rd, Plano, TX, 75075
- Market: Plano
- Seller: ASG Real Estate Co
- Buyer: JAH Realty LP
- Seller's Representatives: Kris Von Hohn - Cushman & Wakefield, Christian Harden - NAI Capital
- Leased Percentage: 98 percent
Chris Harden and Kris Von Hohn were the brokers responsible for facilitating this deal, representing the seller in the transaction. The acquisition was financed by Southside Bank. JAH Realty is known as a retail investment firm with additional offices located in Dallas and Oklahoma City.
Players
Plano CRE Market Snapshot
Boundary boundary · CRE · 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