Transwestern Real Estate Services Leases Medical Office Space In Frisco To Bare Dermatology
12950 Dallas Parkway, Frisco, Texas 75033, United States
Building Size
11 SF
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
The lease transaction for a medical office located at 12950 Dallas Parkway in Frisco has been completed. The property spans approximately 11,500 square feet and is situated in the vibrant Frisco market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Applicable
- Address: 12950 Dallas Parkway
- Market: Frisco
- Size: 11,500 square feet
Bare Dermatology, represented by Jonathan Banta, secured the lease for this medical office. The landlord's representative in this transaction was Transwestern Real Estate Services, while Kyle Libby from Medcore Partners served as the tenant's representative.
On the Map
Office
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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