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5757 Main Street, Frisco, T...

Maxus Realty Trust, Inc. Acquires 174,147 SF Office Building In Frisco, TX
SOLDOffice

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

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.

Players

Chris Boyd

Colliers

Broker

5 deals

Broker
EE
Encore EnterprisesSeller

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