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Texas Star Pharmacy Well Go USA Entertainment Clearstone Dental Acquire 72K SF Industrial In Allen
SOLDIndustrial

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

Dave Peterson

NAI Global

Broker

4 deals

Broker
Citadel Partners
Citadel PartnersBrokerage
NAI Global
NAI GlobalBrokerage
Mac Morse

Mac Morse

Citadel Partners

Seller

3 deals

Seller

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