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5810 Tennyson Parkway

Larson Capital Management Acquires Office Property In Plano From Pillar Commercial & Artemis Real Estate
SOLDOffice

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

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.

Players

Paul Larson

Larson Capital Management

Buyer

$45.6M

vol

2 deals

Buyer
Artemis Real Estate Partners
Artemis Real Estate PartnersSeller

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