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5800 Granite Pkwy, Plano, T...

Updated Oct 28, 2024

Trintech Signs Lease For 70,000 SF Office Space At 5800 Granite Pkwy In Plano - Teresa Mackintosh's Rep Is Stream Realty Partners
LEASEDOffice

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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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

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