Larson Capital Management Acquires Office Property In Plano From Pillar Commercial & Artemis Real Estate
5810 Tennyson Parkway
Building Size
130,371 SF
Asset Type
Office
Closing
May 5, 2022
About this deal
AI
Larson Capital Management, led by Paul Larson, has acquired an office property located at 5810 Tennyson Parkway in Plano. Spanning across 130,371 square feet with 2.6 acres of land, this property offers ample space for various business needs.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5810 Tennyson Parkway
- Market: Plano
- Size: 130,371 square feet
- Acreage: 2.6 acres
The property was sold by Pillar Commercial and Artemis Real Estate Partners. The deal was facilitated by Newmark, who served as the broker in the transaction.
On the Map
Office
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Players
Plano 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