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1401 Preston Road, Plano, T...

JAH Realty Acquires 62,394 SF Retail Property In Plano From Great Gulf
SOLDRetail

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

Graham Irvine

JAH Realty

Buyer

$22.3M

vol

2 deals

Buyer
JR
JAH RealtyBuyer
GG
Great GulfSeller

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