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700 East Plano Parkway

Jeff Jenkins Levi Cohen Joseph Ely Of WareSpace Acquire Retail Space In Plano For Conversion
SOLDRetail

Jeff Jenkins Levi Cohen Joseph Ely Of WareSpace Acquire Retail Space In Plano For Conversion

700 East Plano Parkway

Building Size

175,000 SF

Asset Type

Retail

Closing

Sep 3, 2025

AI

The property asset involved in this transaction is located at 700 East Plano Parkway in Plano, featuring a retail space with a total square footage of 175,000. This closed transaction highlights the conversion of retail space to industrial use, aligning with current market trends.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 700 East Plano Parkway
  • Market: Plano
  • Asset Size: 175,000 SF
  • Buyer: Jeff Jenkins, Levi Cohen & Joseph Ely - WareSpace
  • Buyer's Representative: Amy Nott - JLL
  • Seller's Representative: Scott Rodgers - Duwest Realty

The deal involves key representatives such as Amy Nott from JLL, who represents the buyers and plays a crucial role in facilitating the transaction, and Scott Rodgers from Duwest Realty, representing the seller. Notably, WareSpace, the buyer, expresses a commitment to supporting small businesses through this new space that adds to their existing portfolio of four facilities totaling over 650,000 SF of micro-industrial space in the greater DFW area.

Players

Scott Rodgers

Duwest Realty

Broker

5 deals

Broker
Duwest Realty
Duwest RealtyBrokerage
JLL
JLLBrokerage

Levi Cohen

Warespace

Buyer

$133.9M

vol

4 deals

Buyer

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