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605 Shiloh Road

Aither Systems LLC Signs Seven-Year Lease For 27000 SF Office In Plano With GH Plano Tech Center Inc
LEASEDOffice

Aither Systems LLC Signs Seven-Year Lease For 27000 SF Office In Plano With GH Plano Tech Center Inc

605 Shiloh Road

Building Size

27,000 SF

Asset Type

Office

Closing

Oct 14, 2024

AI

The property asset involved in this transaction is an office space located at 605 Shiloh Road, Plano. It encompasses a total area of 27,000 square feet and is part of the Plano Office Commons. The landlord for this lease is GH Plano Tech Center Inc., and the tenancy has been secured by Aither Systems LLC.

Summary of transaction details:

The brokers involved in this transaction, Brian Pafford and Richmond Collinsworth, represent the landlord and have successfully completed the leasing of this 27,000-square-foot office space. Their efforts have resulted in the entire 190,000-square-foot complex achieving full occupancy.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

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