Triten Real Estate Partners Acquires Retail Property In Plano For $Undisclosed
1717 East Spring Creek Parkway, Plano, TX, USA
Building Size
300,000 SF
Asset Type
Retail
Closing
Jan 25, 2021
About this deal
AI
1717 E. Spring Creek Parkway, located in Plano, was recently sold in a retail transaction. The property spans 300,000 square feet and sits on a 26-acre lot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1717 E. Spring Creek Parkway, Plano
- Market: Plano
- Size: 300,000 square feet
- Acres: 26
The property was sold by Matthew Loh, while Triten Real Estate Partners acted as the buyer. Engvest represented the seller, with Daniel Eng and Calvin Wong serving as the seller's representatives. The buyer was represented by Dan Zeltser from SHOP Cos.
On the Map
Retail
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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