JAH Realty Acquires Retail Property In Plano For $22.3M
SOLD
$22,320,000
Texas
See Similar DealsRetail191,103 SF
Sold 09/07/2022
SOLD
JAH Realty Acquires Retail Property In Plano For $22.3M
2220 Coit Road
See Similar DealsRetail191,103 SF
Sold 09/07/2022
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$116
Total Square Footage:191,103 SF
Transaction Type:Sale
A 17-acre retail property located at 2220 Coit Rd. in Plano has been sold. The property spans a total of 191,103 square feet and was sold on September 7, 2022, by ASG Real Estate Co.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,320,000
- Market: Plano
- Buyer: JAH Realty - Graham Irvine
- Lender: Southside Bank
- Seller: ASG Real Estate Co.
- Brokers: Cushman & Wakefield
Graham Irvine from JAH Realty represented the buyer in this transaction. The loan amount for this deal was $22,320,000.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,190,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,298.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,808.19
Annual Debt Service$1,269,698.25
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