Creation Technologies Texas LLC Leases Industrial Space In Plano To Watanabe Plano LLC
1001 Klein Rd, Plano, TX, 75074
Building Size
66,467 SF
Asset Type
Industrial
Closing
Aug 12, 2019
AI
The industrial property at 1001 Klein Road in Plano, TX, 75074, spans 114,195 square feet, with a lease negotiated by Lee & Associates for 66,467 square feet. The tenant, Creation Technologies Texas LLC, signed the lease represented by Timothy (Tim) Vogds of CBRE. The landlord, Watanabe Plano LLC, was represented by George Tanghongs and Brett Lewis of Lee & Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Tenant: Creation Technologies Texas LLC
- Tenant's Rep: Timothy (Tim) Vogds (CBRE)
- Landlord: Watanabe Plano LLC
- Square Feet: 66,467
- Market: Plano
Lee & Associates negotiated the industrial lease at 1001 Klein Road in Plano, TX. The tenant, Creation Technologies Texas LLC, was effectively represented by Timothy Vogds of CBRE. On the other side of the deal, the landlord, Watanabe Plano LLC, had George Tanghongs and Brett Lewis of Lee & Associates handling the lease negotiations.
Players
Plano Industrial Market Snapshot
Boundary boundary · Industrial · 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