Perceptive Real Estate Equities Secures $13.1 Million Loan For Allen Corporate Center In Texas
740 Watters Road & 800 North Watters Road
$13,100,000
$158/SF
Building Size
82,834 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The acquisition financing involved an 82,834-square-foot office property located at 740-800 North Watters Road in Allen, Texas. This multi-tenant office campus spans across 8.8 acres and is currently 97.5% leased. The loan amount secured for this transaction was $13,100,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,100,000
- Loan Type: Acquisition
- Loan Terms: five-year, fixed-rate, non-recourse
- Landlord: Perceptive Real Estate Equities, Inc
- Brokers: Todd Sugimoto, Chad Morgan, Luke Rogers, Jenny Barger & Jalynn Borders - JLL
JLL Capital Markets facilitated the loan on behalf of borrower Perceptive Real Estate Equities, securing financing from a life insurance company. The involved brokers played a significant role in this transaction, representing the interests of the landlord.
On the Map
$13,100,000
$158/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93