ESJ Capital Partners Acquires Office Property In Plano From Starwood Capital Group
5025 West Park Row Boulevard, Corsicana, TX 75110, USA
Building Size
194,000 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
ESJ Capital Partners has recently acquired an office property located at 5025-5085 W. Park Blvd in Plano. The property spans approximately 194,000 square feet and sits on a 16-acre lot. The transaction was completed on 07/09/2021.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5025-5085 W. Park Blvd, Plano
- Market: Plano
- Square Feet: 194,000
- Acres: 16
The seller of the property was Starwood Capital Group, while ESJ Capital Partners acted as the buyer. The deal was facilitated by brokers Tom Strohbehn and Scot Farber from Younger Partners.
On the Map
Office
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Players
Corsicana Office Market Snapshot
Boundary boundary · Office · Sale 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