Whitestone REIT Acquires Retail Property In Plano From JAH Realty
5809 Preston Road, Plano, TX 75093, USA
Building Size
163,000 SF
Asset Type
Retail
Closing
Jul 10, 2020
About this deal
AI
A retail property located at 5809 Preston Road in Plano has been sold in a recent transaction. The property has a total square footage of 163,000 and was on the market for sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Seller: JAH Realty - Jay Henry
- Buyer: Whitestone REIT - James Mastandrea
- Date: 07/10/2021
The seller, JAH Realty represented by Jay Henry, successfully closed the deal with the buyer, Whitestone REIT, represented by James Mastandrea.
Traded’s record for 5809 Preston Road, Plano, TX 75093, USA in Plano, Texas covers a retail sale from 2020. The building is 163,000 square feet, implying about 0 per square foot on the published price. Named participants on the 5809 Preston Road, Plano, TX 75093, USA sale are Jay Henry. This page is the Plano, Texas file for the 5809 Preston Road, Plano, TX 75093, USA retail sold: pricing, party profiles, and other closed retail comps from the same Plano sit in the Market section below. Filter that Plano retail set by closing date to see what else sold near 5809 Preston Road, Plano, TX 75093, USA around 2020. Cite this Whitestone REIT Acquires Retail Property In Plano From JAH Realty sale when underwriting similar retail product around Plano, Texas.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93