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6100 Tennyson Pkwy, Plano, ...

Sunwest Real Estate Group Leases 52551 Square Feet At 6100 Tennyson Pkwy Plano To Tenant Represented By Doug Carignan JLL
LEASEDOffice

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

Doug Carignan

CBRE

Broker

2 deals

Broker
SG
Sunwest Real Estate GroupLandlord

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