Rubenstein Partners, L.P Acquires Plano Office Property On Headquarters Drive
5600 Headquarters Drive, Plano, Texas 75024, United States
Building Size
250,000 SF
Asset Type
Office
Closing
Mar 30, 2022
About this deal
AI
The property involved in this transaction is an office located at 5600 Headquarters Drive in Plano. The property spans 250,000 square feet and is situated on 27 acres. The sale of this office was completed on March 31, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
The buyer in this transaction is Rubenstein Partners, L.P, represented by David Rubenstein and Read Mortimer.
Traded’s record for 5600 Headquarters Drive, Plano, Texas 75024, United States in Plano, Texas covers a office sale from 2022. The building is 250,000 square feet, implying about 0 per square foot on the published price. This page is the Plano, Texas file for the 5600 Headquarters Drive, Plano, Texas 75024, United States office sold: pricing, party profiles, and other closed office comps from the same Plano sit in the Market section below. Filter that Plano office set by closing date to see what else sold near 5600 Headquarters Drive, Plano, Texas 75024, United States around 2022. Cite this Rubenstein Partners, L.P Acquires Plano Office Property On Headquarters Drive sale when underwriting similar office product around Plano, Texas.
Players
Plano Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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