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101 East Park Boulevard

Intrusion Leases 10,705 SF Office Space At Plano Tower From Boxer Property Group
LEASEDOffice

Intrusion Leases 10,705 SF Office Space At Plano Tower From Boxer Property Group

101 East Park Boulevard

Building Size

10,705 SF

Asset Type

Office

Closing

Nov 27, 2023

AI

Cybersecurity firm Intrusion has recently secured a lease for 10,705 square feet of office space at Plano Tower in the city of Plano, Texas. Owned by Boxer Property Group, this Dallas building offers a range of amenities, including an upgraded lobby, conference center, fitness center, and deli.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 101 East Park Boulevard, Plano
  • Market: Plano
  • Square Footage: 10,705
  • Landlord: Boxer Property Group - Andrew Segal
  • Tenant: Intrusion - Tony Scott
  • Broker: Chris Mathis - Newmark

This lease agreement between Intrusion and Boxer Property Group was facilitated by Chris Mathis from Newmark. The deal allows Intrusion to access modern and well-equipped office space in Plano Tower, positioning them in a strategic location within the Dallas area.

Players

Chris Mathis

Newmark

Broker

3 deals

Broker
BG
Boxer Property GroupLandlord

Tony Scott

Tenant

$14.7M

vol

2 deals

Tenant

Plano Office Market Snapshot

Boundary boundary · Office · 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