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1001 Klein Rd, Plano, TX, 7...

Creation Technologies Texas LLC Leases Industrial Space In Plano To Watanabe Plano LLC
LEASEDIndustrial

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

Timothy Vogds

CBRE

Broker

5 deals

Broker

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