Hartman Income REIT Leases 2,051 SF Office Space In Richardson To Susan Aten
500 N Coit Rd, Richardson, TX 75080, Estados Unidos
Building Size
20,510 SF
Asset Type
Office
Closing
Sep 23, 2020
AI
An office property located at 500 N. Coit Road in Richardson has been leased. The transaction was finalized on September 24, 2020. The property, spanning 2,051 square feet, was leased to Susan Aten. The landlord in this deal is Hartman Income REIT. Kat Morrison, from agency, represented the tenant as the broker.
Summary of Transaction Details
- Property Type: Office
- Tenant: Susan Aten
- Landlord: Hartman Income REIT
- Broker: Kat Morrison - agency
- Square Footage: 2,051
This transaction highlights the successful lease of an office space in Richardson. Susan Aten, the tenant, will occupy the leased property at 500 N. Coit Road. The deal was facilitated by Kat Morrison from agency, who represented Susan Aten in this lease agreement.
Players
Richardson 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