Sol-Ark Acquires 195,000 SF Office Space In Allen

805 North Central Expressway, Allen, Texas 75013, United States

Building Size

195,000 SF

Asset Type

Office

Closing

Dec 12, 2022

AI

The property involved in this transaction is an office space located at 805 North Central Expressway & 915 Enterprise Blvd in Allen. The office has a total square footage of 195,000 and is owned by Sol-Ark.

Summary of transaction details:

Property Type: Office
Address: 805 North Central Expressway & 915 Enterprise Blvd, Allen
Market: Allen
Tenant: Sol-Ark
Date: 12/12/2022
Image: Tom Brennan

Tom Brennan served as Sol-Ark's representative in this lease deal.

Players

Allen Office Market Snapshot

Boundary boundary · Office · Lease 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