Maxdao Inc Leases 11,792 SF Industrial Space In Plano With Sunet Group As Tenant's Rep
2532 Summit Ave, Plano, TX 75074, USA
Building Size
11,792 SF
Asset Type
Industrial
Closing
Aug 17, 2020
AI
An industrial property located at 2532 Summit Avenue in Plano has been leased. The transaction took place on August 18, 2020. The property spans across 11,792 square feet.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Maxdao Inc
- Landlord: Ranger DRA Advisors
- Tenant’s Representative: Sunet Group
- Landlord’s Representatives: Ryan Wolcott & James Mantzuranis – Stream Realty Partners
- Market: Plano
The tenant, Maxdao Inc, has entered into a lease agreement with the landlord, Ranger DRA Advisors. Representing the tenant in the deal is Sunet Group, while Ryan Wolcott & James Mantzuranis from Stream Realty Partners act as the landlord's representatives.
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