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460 Century Parkway, Allen,...

Tradition Senior Living, LP Acquires Industrial Property In Allen, TX From Sentinel Capital
SOLDIndustrial

Tradition Senior Living, LP Acquires Industrial Property In Allen, TX From Sentinel Capital

460 Century Parkway, Allen, TX 75013

Building Size

144,128 SF

Asset Type

Industrial

Closing

Jan 19, 2022

AI

The industrial property located at 460 & 500 Century Parkway in Allen, TX has been sold. The property spans approximately 144,128 square feet and sits on 6.18 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 460 & 500 Century Parkway, Allen, TX
  • Market: Allen, TX
  • Size: 144,128 square feet
  • Acres: 6.18 acres

Tradition Senior Living, LP has purchased the property from Sentinel Capital. The transaction was facilitated by Stephen Bailey, Dustin Volz, Dom Espinosa, Wesley Gilmer, and Beth Copeland of JLL Capital Markets.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
SC
Sentinel CapitalSeller

Allen 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