Updated Dec 4, 2024
KCW Enterprises Renews Lease At 2600 Research Drive In Plano
2600 Research Drive
Building Size
38,180 SF
Asset Type
Industrial
Closing
Apr 3, 2024
About this deal
AI
The industrial flex facility at 2600 Research Drive in Plano encompasses 38,180 square feet. The leased property was renewed by KCW Enterprises, with Bradford Commercial Real Estate Services representing the landlord, Kennington Research LLC, and Colliers International representing the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2600 Research Drive
- Market: Plano
- Landlord: Kennington Research LLC
- Tenant: KCW Enterprises
- Landlord's Rep: Brian Pafford & Jared Laake - Bradford Commercial Real Estate Services
- Tenant's Rep: Grace Bowers - Colliers International
Brian Pafford and Jared Laake from Bradford Commercial Real Estate Services served as the landlord's representatives in the lease renewal deal. On the other side, Grace Bowers from Colliers International acted as the tenant's representative throughout the transaction.
On the Map
Industrial
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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