SOLDRetail
JAH Realty Acquires Retail Property In Plano For $22.3M
2220 Coit Road
$22,320,000
$116/SF
Building Size
191,103 SF
Asset Type
Retail
Closing
Sep 7, 2022
AI
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.
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93