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5025 West Park Row Boulevar...

ESJ Capital Partners Acquires Office Property In Plano From Starwood Capital Group
SOLDOffice

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

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.

Players

Tom Strohbehn

Young Partners

Broker

4 deals

Broker
EP
ESJ Capital PartnersBuyer
Starwood Capital Group
Starwood Capital GroupLender

Corsicana Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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