Sunwest Real Estate Group Leases 52551 Square Feet At 6100 Tennyson Pkwy Plano To Tenant Represented By Doug Carignan JLL
6100 Tennyson Pkwy, Plano, TX, 75024
Building Size
52,551 SF
Asset Type
Office
Closing
Oct 9, 2019
AI
The property involved in the transaction is located at 6100 Tennyson Pkwy, Plano, TX, 75024. It consists of a total of 52,551 square feet and is situated in the Plano market. The landlord of the property is Sunwest Real Estate Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 6100 Tennyson Pkwy, Plano, TX, 75024
- Market: Plano
- Tenant: NCR Corp.
- Landlord: Sunwest Real Estate Group
- Tenant's Representative: Doug Carignan (JLL)
- Landlord's Representatives: Doug Hanna and Tabitha Layne
The lease represents a significant repositioning of the property, with Sunwest investing $3 million into renovations that include updates to lobbies, corridors, restrooms, and exterior façade painting within Tennyson Office Center, a two-building office complex.
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