LEASEDIndustrial
Schlage Lock Company Leases 7,192 SF Industrial Space At 5200 Tennyson Pkwy In Plano
5200 Tennyson Pkwy, Plano, TX 75024, USA
Building Size
71,920 SF
Asset Type
Industrial
Closing
Aug 23, 2020
AI
The industrial property located at 5200 Tennyson Pkwy in Plano has been leased. The transaction took place on August 24, 2020, with a lease size of 7,192 square feet.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Schlage Lock Company
- Landlord: KBS Realty Advisors
- Broker: Kim Brooks & Justin Miller - Transwestern
Kim Brooks and Justin Miller from Transwestern represented the tenant, Schlage Lock Company, in this leasing deal.
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