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
Plano Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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