David K. Holeman & Christine Mastandrea Acquire World Cup Plaza Retail In Frisco For Strategic Growth
5454 Main Street
Building Size
90,391 SF
Asset Type
Retail
Closing
Nov 7, 2025
About this deal
AI
The retail asset located at 5454 Main Street in Frisco has a total square footage of 90,391. This property falls within a high-growth market, strategically positioned adjacent to Toyota Stadium and surrounded by significant developments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Date of Transaction: 11/07/2025
- Buyer: David K. Holeman & Christine Mastandrea - Whitestone REIT
- Market: Frisco
Whitestone REIT's acquisition of World Cup Plaza is anticipated to enhance its portfolio in a growing market, leveraging the center’s proximity to the World Cup in 2026 and the strong local demand that is expected to bolster rent growth and shareholder value.
On the Map
Retail
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Players
Frisco 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