Plano Friends Place Management Acquires Office In Plano From Aretaic Holdings For $X
4682 Mcdermott Road
Building Size
8,722 SF
Asset Type
Office
Closing
Mar 14, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 4682 Mcdermott Road in the Plano market. The asset encompasses a total square footage of 8,722.0 square feet. The buyer for this transaction is Plano Friends Place Management, while the seller is Aretaic Holdings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4682 Mcdermott Road
- Market: Plano
- Square Footage: 8,722.0
- Buyer: Plano Friends Place Management
- Seller: Aretaic Holdings
- Sale Date: 03/14/2025
The transaction was facilitated between Plano Friends Place Management and Aretaic Holdings, with both parties reaching a successful agreement on the property sale. This deal highlights the engagement of the respective entities in the commercial real estate sector.
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