SOLDRetail
Centennial Acquires Retail Property In Plano From Spinoso Real Estate Group
6121 West Park Boulevard, Plano, Texas 75093, United States
Building Size
1,400,000 SF
Asset Type
Retail
Closing
May 10, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 6121 W. Park Blvd in Plano. The property spans a total of 1,400,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 05/11/2022
- Address: 6121 W. Park Blvd
- Market: Plano
- Asset Size: 1,400,000 square feet
The buyer of the property is Centennial, represented by Steven Levin & Whitney Livingston, Cawley Partners, and Waterfall Asset Management. On the other hand, the seller is Spinoso Real Estate Group.
Players
Plano Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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