Layne's Chicken Franchising LLC Leases Office Space At 10601 Clarence Drive Frisco
10601 Clarence Drive
Building Size
7,328 SF
Asset Type
Office
Closing
Jul 8, 2024
About this deal
AI
Located at 10601 Clarence Drive in Frisco, the office space spanning 7,328 square feet was leased by Layne’s Chicken Franchising LLC for their headquarters. The plug ‘n play space offers various amenities including offices and conference centers, making it an ideal choice for the company's long-term lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10601 Clarence Drive
- Market: Frisco
- Landlord: NSP-Frisco I LLC
- Tenant: Layne’s Chicken Franchising LLC
- Landlord's Rep: Jason Finch - Bradford Commercial Real Estate Services; Justin Greenwood
- Tenant's Rep: Preston Taylor - Appian Commercial Realty
- Lease Term: Long-term
Jason Finch from Bradford Commercial Real Estate Services and Justin Greenwood represented NSP-Frisco I LLC as the landlord's representatives in the lease transaction. On the other hand, Preston Taylor from Appian Commercial Realty acted as the tenant's representative for Layne’s Chicken Franchising LLC.
On the Map
Office
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Frisco Office Market Snapshot
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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