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1717 East Spring Creek Park...

Triten Real Estate Partners Acquires Retail Property In Plano For $Undisclosed
SOLDRetail

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

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.

Players

Dan Zeltser

Broker

1 deal

Broker
TP
Triten Real Estate PartnersBuyer

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