facebook
Traded Co logo
Submit

MoxieBridge Acquires Office Property In Plano For $27.4M Loan

Property Image
FINANCED
$27,400,000

Texas

See Similar Deals
Office237,000 SF
Financed 07/15/2021
the dealplayerscompscontact
Property Image
FINANCED

MoxieBridge Acquires Office Property In Plano For $27.4M Loan

500 North Central Expressway, Plano, TX, USA

See Similar Deals
Office237,000 SF
Financed 07/15/2021
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$115
Total Square Footage:237,000 SF
Transaction Type:Loan

The property involved in this transaction is an office located at 500 N. Central Expressway in Plano. It spans a total of 237,000 square feet. The landlord of the property is MoxieBridge, represented by Brock Robertson. The lender for this transaction is RMR Mortgage Trust, represented by Adam Portnoy. The broker involved in the deal is JLL.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $27,400,000
  • Address: 500 N. Central Expressway, Plano
  • Market: Plano
  • Landlord: MoxieBridge - Brock Robertson
  • Lender: RMR Mortgage Trust - Adam Portnoy
  • Broker: JLL
  • Loan Terms: Floating-rate loan, three-year initial term with two one-year extension options

The key individuals involved in this deal include Brock Robertson from MoxieBridge, representing the landlord, and Adam Portnoy from RMR Mortgage Trust, representing the lender. They collaborated with JLL, the broker, to facilitate this transaction. The loan amount for this deal is $27,400,000, with a floating-rate loan structure and a three-year initial term that can be extended for up to two additional years.

Players

LENDER

Details

FINANCED
IMAGE: Brock Robertson, Adam Portnoy & Christian Ulbrich DATE: 07/15/2021 ADDRESS: 500 N. Central Expressway MARKET: Plano ASSET TYPE: Office SF: 237,000 LANDLORD: MoxieBridge - Brock Robertson LENDER: RMR Mortgage Trust - Adam Portnoy BROKER: JLL LOAN AMOUNT: $27,400,000 LOAN TERMS: Floating-rate loan, three-year initial term with two one-year extension options

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$27,400,000.00

Monthly NOI$182,666.67
Monthly Debt Service$173,186.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00