Taconic Capital Advisors & Champion Partners Secure $73M Loan On Plano Office Building
5301 Legacy Drive, Plano, Texas 75024, United States
$73,000,000
$254/SF
Building Size
287,044 SF
Asset Type
Office
Closing
Mar 15, 2022
AI
Shaul Kuba, Frank Brosens, and Jeffrey L. Swope have secured a loan for an office property located at 5301 Legacy Dr. in Plano. The property spans an impressive 287,044 square feet and sits on 19.7 acres. The loan amount for this transaction is $73,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $73,000,000
- Address: 5301 Legacy Dr.
- Market: Plano
- Square Footage: 287,044
- Acres: 19.7
CIM Group has provided the loan for this real estate transaction. The property is owned by Taconic Capital Advisors and Champion Partners.
Players
Plano Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93