LiteOn Leases 79,720 SF Industrial Space In Plano With Brokers George Tanghongs & Brett Lewis
3605 East Plano Parkway, Plano, Texas 75074, United States
Building Size
79,720 SF
Asset Type
Industrial
Closing
Apr 12, 2023
AI
An industrial property located at 3605 E. Plano Parkway in Plano has been leased. The property, spanning 79,720 square feet, was leased by LiteOn. The lease transaction was facilitated by George Tanghongs and Brett Lewis from Lee & Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 04/12/2023
- Address: 3605 E. Plano Parkway
- Market: Plano
- Square Footage: 79,720
- Tenant: LiteOn
- Brokers: George Tanghongs and Brett Lewis - Lee & Associates
George Tanghongs and Brett Lewis from Lee & Associates played a crucial role in facilitating the lease of this industrial property in Plano. Their expertise and negotiation skills contributed to the successful transaction.
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