First Avanti Partners LLC Leases 2400 Square Feet At 5509 Pleasant Valley Dr Plano Texas
5509 Pleasant Valley Dr, Plano, TX 75023
Building Size
2,400 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The office property located at 5509 Pleasant Valley Drive, Plano, TX offers a total of 2,400 square feet of leased space as part of its overall 21,250-square-foot office complex. The lease is a part of the transactions arranged for two office leases at the Hunters’ Glen Office Complex within the Plano market.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not specified
- Address: 5509 Pleasant Valley Dr, Plano, TX
- Landlord: First Avanti Partners LLC
- Landlord's Representatives: Jim Breitenfeld, Jim Turano
- Tenant: Hossain Dezham & Associates
- Square Feet Leased: 2,400
Henry S. Miller Brokerage Co. (HSM) facilitated the lease negotiations and represented the landlord, First Avanti Partners LLC, during this transaction. Alongside Hossain Dezham & Associates, Sentry Marketing Group LLC also participated in leasing additional space within the same property.
On the Map
Office
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Players
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