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2532 Summit Ave, Plano, TX ...

Maxdao Inc Leases 11,792 SF Industrial Space In Plano With Sunet Group As Tenant's Rep
LEASEDIndustrial

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:

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

Ryan Wolcott

Stream Realty Partners⁠

Broker

$33.6K

vol

11 deals

Broker
DRA Advisors
DRA AdvisorsLender
DRA Advisors
DRA AdvisorsLandlord

Plano Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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