Maxus Realty Trust, Inc. Acquires 174,147 SF Office Building In Frisco, TX
5757 Main Street, Frisco, TX, USA
Building Size
174,147 SF
Asset Type
Office
Closing
Jul 29, 2020
About this deal
AI
An office building located at 5757 Main Street in Frisco has recently been sold in a transaction that took place on July 30, 2020. The property spans across 174,147 square feet and was part of a sale in the Frisco market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
The seller of the property was Encore Enterprises, while the buyer was Maxus Realty Trust, Inc. The transaction was facilitated by Creighton Stark & Chris Boyd from Colliers International @Capital.Markets.Team.
On the Map
Office
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Players
Frisco 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