SOLDOffice
Drawbridge Realty Trust Acquires 248,861 SF Office Building In Plano For $Undisclosed
5301 Headquarters Drive, Plano, Texas 75024, United States
Building Size
248,861 SF
Asset Type
Office
Closing
Jun 14, 2022
About this deal
AI
A 248,861 square foot office property located at 5301 Headquarters Drive in Plano was recently sold in a closed transaction. The sale took place on June 15th, 2022, with Drawbridge Realty Trust's Charlie McEachron acting as the buyer and Cawley Partners as the seller. The property was represented by Chris Murphy, Gary Carr, Robert Hill, and Chase Tagen from Newmark.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5301 Headquarters Drive, Plano
- Market: Plano
- Square Footage: 248,861
The sale of this office property at 5301 Headquarters Drive in Plano involved Drawbridge Realty Trust as the buyer and Cawley Partners as the seller. The deal was facilitated by Chris Murphy, Gary Carr, Robert Hill, and Chase Tagen from Newmark. Additional details about the transaction, such as the sale price, were not provided.
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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