SOLDRetail
Tabani Group Acquires Retail Property In Frisco With Brokers Chris Gerard & Ryan Shore - JLL
5550 Farm-to-Market 423, Frisco, TX 75036
Building Size
93,377 SF
Asset Type
Retail
Closing
Nov 3, 2021
AI
A retail property located at 5550 FM 423 in Frisco has been sold. The property has a total area of 93,377 square feet and was sold on November 3, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5550 FM 423, Frisco
- Market: Frisco
The buyer of the property was Tabani Group. The sale was facilitated by Chris Gerard and Ryan Shore from JLL, who represented the buyer in this transaction.
Players
Plano Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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