JAH Realty Acquires 62,394 SF Retail Property In Plano From Great Gulf
1401 Preston Road, Plano, TX 75093
Building Size
62,394 SF
Asset Type
Retail
Closing
Dec 21, 2021
AI
A retail property located at 1401 Preston Rd in Plano has been sold in a recent transaction. The property spans across 62,394 square feet, presenting a significant commercial opportunity in the market. The sale took place on 12/21/2021 and involved the buyer, JAH Realty, represented by Graham Irvine and William Rosatti. On the seller's side, Great Gulf facilitated the transaction. John Freese & Associates served as the broker in this deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1401 Preston Rd
- Market: Plano
- Square Footage: 62,394
The involvement of JAH Realty, represented by Graham Irvine and William Rosatti, as the buyer showcases their interest in expanding their retail portfolio. Great Gulf, on the other hand, acted as the seller in this transaction. The role of John Freese & Associates as the broker demonstrates their successful facilitation of the negotiation and agreement between the parties involved.
Players
Plano Retail Market Snapshot
Boundary boundary · Retail · 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