Tennyson Office Park

6100 and 6200 Tennyson Parkway | Plano, TX

Commercial Building


Details

Date Purchased: August, 2006
Purchase Price: $31,045,000
Sale Price: $36,000,000
Sale Date: March, 2013
Holding Period: 75 months
Initial Investment: $7,550,000
Investor Proceeds from Sale: $10,265,961
Internal Rate of Return: 6.65%

Completed Business Plan

  • Acquired the property at 87.3% occupancy
  • Lost major tenant and negotiated a loan modification with lender
  • Re-leased the space to 93% occupancy
  • Sold the property in March of 2013 for $36,000,000

Persius Creative