Private California Investor Acquires Fully Leased 115,000-Square-Foot Warehouse In Plano

A private California investor has purchased a fully leased 115,000-square-foot warehouse located at 780 Shiloh Road in Plano. This industrial property was sold by Founders Properties for an undisclosed transaction amount, and it is currently appraised at $13 million for tax purposes. The asset is situated in the Plano market and is known for its prime location and large square footage.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Square Footage: 115,000
• Address: 780 Shiloh Road, Plano
• Market: Plano
• Seller: Founders Properties - Wade Lau
• Broker: Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne & Eliza Bachhuber - CBRE (@CBRE)

The private California investor successfully acquired this fully leased warehouse in Plano. The property is currently occupied by a single tenant and is fully leased until 2030. Notable tenants include Healthcare Service Corporation and Conduent Commercial Solutions, adding stability to the investment. This acquisition represents an opportunity for the investor to add a valuable asset to their portfolio and benefit from the consistent rental income generated by the long-term lease agreements with reputable companies.