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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 605 Shiloh Road
- Market: Plano
- Lease Term: 7 years
- Landlord: GH Plano Tech Center Inc.
- Tenant: Aither Systems LLC
- Brokers: Brian Pafford & Richmond Collinsworth - Bradford Commercial Real Estate Services
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
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