Texas Star Pharmacy Well Go USA Entertainment Clearstone Dental Acquire 72K SF Industrial In Allen
Building Size
72,000 SF
Asset Type
Industrial
Closing
Aug 18, 2025
AI
The property involved in this transaction is the Allen Exchange flex development, an industrial asset encompassing 72,000 square feet located at the northeast corner of Exchange Parkway & U.S. Highway 75 in the Allen market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: Northeast corner of Exchange Parkway & U.S. Highway 75
- Asset Size: 72,000 SF
- Buyer: Texas Star Pharmacy, Well Go USA Entertainment, Clearstone Dental
- Seller: Katherine Pool, Mac Morse - Citadel Partners
- Brokers: Jason Claunch - Catalyst Commercial; Dave Peterson - NAI Robert Lynn
In this transaction, Citadel Partners sold the property in three separate transactions on behalf of developer Gillett Commercial. Texas Star Pharmacy acquired 51,000 square feet, Well Go USA Entertainment purchased 10,000 square feet, and Clearstone Dental secured a portion of the remaining 10,000 square feet, with Citadel Partners spearheading the sales and leasing efforts.
Players
Market 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