Glenn Lowenstein Of Stablewood Properties Purchases Bobcat Crossing Retail Center In Celina From Standridge Cos
2750 South Preston Road
Building Size
29,309 SF
Asset Type
Retail
Closing
Oct 13, 2025
About this deal
AI
A retail asset located at 2750 South Preston Road in Celina, Texas, has been sold. The property consists of 29,309 square feet and is known as the Bobcat Crossing retail center, featuring 13 tenants. The transaction took place in the Celina market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2750 South Preston Road
- Market: Celina
- Buyer: Glenn Lowenstein - Stablewood Properties
- Seller: Standridge Cos
- Brokers: Michael Austry & Jared Aubrey - CBRE
cbre with brokers michael austry and jared aubrey representing transaction. is situated within carter ranch master-planned community.>
On the Map
Retail
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Celina 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