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
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