Updated Oct 29, 2024
Generation Y Acquires Industrial Property In Downtown Plano
2801 Summit Ave, Plano, TX 75074, USA
Building Size
1,141,500 SF
Asset Type
Industrial
Closing
Jun 17, 2020
About this deal
AI
The industrial property located at 2801 Summit Avenue in Downtown Plano has been sold. The property spans a total area of 114,150 square feet. The transaction took place on 06/18/2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
The seller of the property was AIPH, LLC. The buyer, Generation Y – Anastasios Spanidis, acquired the property. Jason Moser and Ridley Culp from Stream Realty Partners represented the buyer as their representatives. Kacy Jones and John Hendricks served as the seller's representatives in the deal.
On the Map
Industrial
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Plano Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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