Striped Box Boutique Leases Office Space In Frisco At 5566 Main Street
5566 Main St, Frisco, TX 75033, USA
Building Size
14,550 SF
Asset Type
Office
Closing
Aug 23, 2020
AI
The office located at 5566 Main Street in Frisco has been leased. The lease transaction was completed on August 24, 2020. The property is a total of 1,455 square feet and belongs to the office asset type. The tenant, Striped Box Boutique, has acquired the lease for this property.
Summary of transaction details
- Property Type: Office
- Transaction Date: August 24, 2020
- Address: 5566 Main Street
- Market: Frisco
- Tenant: Striped Box Boutique
- Tenant's Representative: Kelly Lyons - TIG
- Landlord's Representative: World Cup Management
- Square Footage: 1,455
During the leasing process, the tenant was represented by Kelly Lyons from TIG, while the landlord was represented by World Cup Management.
Players
Frisco 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