Updated Oct 28, 2024
Invesco Real Estate Acquires 260,000 SF Industrial Asset In Plano From Flexential Corp
3500 East Plano Parkway, Plano, TX, USA
Building Size
260,000 SF
Asset Type
Industrial
Closing
Aug 8, 2021
About this deal
AI
The industrial property located at 3500 East Plano Parkway in Plano has been sold. The property spans an area of 260,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Date: 08/09/2021
- Market: Plano
- Seller: Flexential Corp. - Chris Downie
- Buyer: Invesco Real Estate - Scott Dennis
The seller of the property is Flexential Corp. represented by Chris Downie. The buyer in this transaction is Invesco Real Estate represented by Scott Dennis.
Traded’s record for 3500 East Plano Parkway, Plano, TX, USA in Plano, Texas covers a industrial sale from 2021. The building is 260,000 square feet, implying about 0 per square foot on the published price. This page is the Plano, Texas file for the 3500 East Plano Parkway, Plano, TX, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Plano sit in the Market section below. Filter that Plano industrial set by closing date to see what else sold near 3500 East Plano Parkway, Plano, TX, USA around 2021. Cite this Invesco Real Estate Acquires 260,000 SF Industrial Asset In Plano From Flexential Corp sale when underwriting similar industrial product around Plano, Texas.
Players
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