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
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