Preston Stonebrook

Case Study

The Story

Acquired in 2015, Initially fully leased at $17.50 PSF, rents increased to $25.00 PSF. A pad sale early on reduced the project's basis. 



Stats

10-year hold

Size – 53,389 sf

IRR - 18.43%

Equity multiple project 3.15x

Sold – June ’25 & August ‘25



Frisco Highlights

Drawing consumers from Frisco N. Platinum corridor
Population – 232,000
Household Income - $140,000