Trintech Signs Lease For 70,000 SF Office Space At 5800 Granite Pkwy In Plano - Teresa Mackintosh's Rep Is Stream Realty Partners
5800 Granite Pkwy, Plano, TX, USA
Building Size
70,000 SF
Asset Type
Office
Closing
Aug 10, 2021
About this deal
AI
Trintech, a company specializing in financial software solutions, has recently signed a lease agreement for office space in Plano, Texas. The property, located at 5800 Granite Parkway, offers a spacious area of approximately 70,000 square feet. The lease transaction was facilitated by Stream Realty Partners, a prominent brokerage firm in the area.
Summary of transaction details
- Property Type: Office
- Transaction Date: August 11, 2021
- Address: 5800 Granite Pkwy, Plano
- Market: Plano
- Tenant: Trintech - Teresa Mackintosh
- Broker: Stream Realty Partners
The lease agreement with Trintech is a significant development for the office property on Granite Parkway. With Teresa Mackintosh leading the negotiations, Trintech secured a favorable deal for their new workspace. Stream Realty Partners played a crucial role in facilitating the transaction, leveraging their expertise and connections in the local real estate market.
Players
Plano Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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