SOLDRetail
Cooley Holdings Acquires Retail Property On Preston Road, Dallas
1001 Preston Road, Plano, Texas 75093, United States
Building Size
62,519 SF
Asset Type
Retail
Closing
Jan 12, 2022
AI
A retail property located at 1001 Preston Road in Dallas has been sold. The property spans 62,519 square feet and is situated on 5.75 acres of land.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified in provided information
- Address: 1001 Preston Road, Dallas
- Market: Dallas
- Size: 62,519 square feet
- Land Area: 5.75 acres
Cooley Holdings, LTD has purchased the retail property. The deal was facilitated by Cameron Deptula and David Guinn from Davidson Bogel Real Estate.
Players
Plano Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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