Monta Ellis Launches Ellis Elite Basketball Academy In Coppell At Sandy Lake Business Center
989 West Sandy Lake Road
Building Size
16,936 SF
Asset Type
Mixed-use
Closing
May 27, 2024
AI
Located at 989 West Sandy Lake Road in Coppell, the mixed-use property spans 16,936 square feet and is the new home of the Ellis Elite Basketball Academy, founded by former NBA star Monta Ellis.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Landlord: H2G Enterprises Inc
- Tenant: Monta Ellis - The Ellis Elite Basketball Academy
- Broker: Erik Blais - Bradford Commercial Real Estate Services
Erik Blais, the senior vice president of Bradford Commercial Real Estate Services, played a key role in securing the 16,936 square feet of space at the Sandy Lake Business Center for the Ellis Elite Basketball Academy, marking the academy’s first location in Texas. The new venture will provide advanced training for young athletes in partnership with high-profile sports figures like Monta Ellis.
Coppell Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease 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