Sold
A long shot of the cars parked at the Parkway Business Center

Plano Parkway Business Center

Data by Year: 2022

Quarterly Dividend Amount*: 2020

* on $100,000 investment

Quarterly Dividend Amount*: 2019
  • Q1$2,250
  • Q2$2,250

# Q1 was prorated preferred returns based on closing.

* on $100,000 investment

Projected Annual Return*: $0
Quarterly Dividend Amount*: 2019
  • Q3$2,250
  • Q4$3,750

* on $100,000 investment

Projected Annual Return*: $0
Quarterly Dividend Amount*: 2017

* on $100,000 investment

Projected Annual Return*: $0
Annual Disbursements Paid*: $0
Quarterly Dividend Amount*: 2016

* on $100,000 investment:

Property Status:

Financial Data

Close Date: 01-Dec-2015

Exit Date: 29/01/2021

Purchase Price + Cap Ex: $10,685,500

Raise Amount: $3,200,000

Minimum Investment: $50,000

Projected Hold Period: 3 Years

Actual Hold Period: 5.4

Preferred Return: 9 %

Projected Avg Annual Return: 23.10 %

Actual Avg Annual Return: 16.13

Projected IRR: 21.80 %

Actual IRR: 12.65

Loan Amount: $7,900,000

Loan Rate: 4.25 %

Property Facts

Property Type: Office Retail Center

Year Built: 1998

Building Size: 113,299 Sqft

Lot Size: 9 Acres

Number of Buildings: 1

Number of Tenants: 6

Notes:

Dividends delayed due to occupancy fill-in progress.