CapturePoint LLC Expands Headquarters To 27317 Square Feet At Office Campus In Allen
1101 South Central Expressway
Building Size
27,317 SF
Asset Type
Office
Closing
Aug 19, 2024
AI
The property involved in this transaction is located at 1101 South Central Expressway in Allen, Texas. It is categorized as an office asset with a total square footage of 27,317. This space is part of a larger 57,055-square-foot building known as Office Campus at Allen, where CapturePoint LLC has expanded its headquarters.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1101 South Central Expressway
- Market: Allen
- Landlord: 1101 SCE LLC
- Tenant: CapturePoint LLC
- Landlord's Representative: Jared Laake - Bradford Commercial Real Estate Services
- Tenant's Representative: Kent Smith - NAI Robert Lynn
CapturePoint LLC has successfully renewed and expanded its lease, now occupying nearly half of the building, despite having over a year remaining on its previous lease term. This expansion makes CapturePoint LLC the largest tenant within its building.
Players
Plano Office Market Snapshot
Boundary boundary · Office · 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