SOLDRetail
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
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.
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