Acore Capital Provides $125M Loan For Office Property In Plano
8101 Windrose Avenue, Plano, Texas 75024, United States
$125,000,000
$305/SF
Building Size
409,000 SF
Asset Type
Office
Closing
Jul 25, 2022
About this deal
AI
The property involved in the transaction is an office space located at 8101 Windrose Avenue in Plano. The asset has a total area of 409,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $125,000,000
- Market: Plano
- Lender: Acore Capital - Kyle Jeffers
- Landlord: Ryan Companies - Paul Rowsey; Koch Real Estate
- Loan Type: Acquisition & Construction Loan
- Loan Terms: Floating-rate
The lender involved in this transaction is Acore Capital, and the representative from Acore Capital is Kyle Jeffers. The landlord of the property is Ryan Companies, with Paul Rowsey and Koch Real Estate as their representatives.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93