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Steve Gozini Of BH Properties Acquires 374085 SF Industrial Park In Plano For Conversion
SOLD
Texas
See Similar DealsIndustrial748,170 SF
Sold 03/04/2025
SOLD
Steve Gozini Of BH Properties Acquires 374085 SF Industrial Park In Plano For Conversion
6700 Pinecrest Drive & 5220 Tennyson Parkway
See Similar DealsIndustrial748,170 SF
Sold 03/04/2025
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:748,170 SF
Transaction Type:Sale
The asset involved in the transaction is an industrial property located at 6400-6700 Pinecrest Drive & 5212-5220 Tennyson Parkway in the Plano market. The total size of the property is 374,085 square feet, situated on a 40-acre site and was 58% leased at the time of sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 374,085 SF
- Address: 6400-6700 Pinecrest Drive & 5212-5220 Tennyson Parkway
- Market: Plano
- Acres: 40
- Buyer: Steve Gozini - BH Properties
- Brokers: Elizabeth Malone & K.C. Scheipe - Eastdil Secured
BH Properties plans to convert the Legacy R&D business park into industrial use. Stream Realty Partners will manage the property for leasing, which may include life sciences tenants.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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