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1714 14th St, Plano, TX, USA

CanTex Capital Acquires 143,771 SF Industrial Property In Plano, TX With Trinity Southwest Commercial Real Estate As Buyer's Reps
SOLDIndustrial

CanTex Capital Acquires 143,771 SF Industrial Property In Plano, TX With Trinity Southwest Commercial Real Estate As Buyer's Reps

1714 14th St, Plano, TX, USA

Building Size

143,771 SF

Asset Type

Industrial

Closing

Jul 25, 2021

AI

An industrial property located at 1714 14th St in Plano has been sold in a recent transaction. The property spans 143,771 square feet and sits on a 10-acre lot. The sale took place on July 26, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1714 14th St, Plano
  • Market: Plano
  • Square Footage: 143,771
  • Acres: 10

The buyer of the property is CanTex Capital, represented by Romit Cheema. Patrick Hunt and Cullen Finnegan from Trinity Southwest Commercial Real Estate acted as the buyer's representatives in the deal. On the seller's side, Dave Peterson and Mark Miller from NAI Robert Lynn served as the seller's representatives.

Players

Dave Peterson

NAI Global

Broker

4 deals

Broker
Romit Cheema

Romit Cheema

CanTex Capital

Buyer

10 deals

Buyer

Plano Industrial Market Snapshot

Boundary boundary · Industrial · 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