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6275 West Plano Parkway

Horace Mann Signs Lease For 50033 Square Feet At 6275 West Plano Parkway In Plano
LEASEDOffice

Horace Mann Signs Lease For 50033 Square Feet At 6275 West Plano Parkway In Plano

6275 West Plano Parkway

Building Size

50,033 SF

Asset Type

Office

Closing

Jan 28, 2025

AI

The property asset involved in this transaction is an office space located at 6275 West Plano Parkway, Plano. The total square footage of the asset is 50,033. This lease transaction involves a significant relocation, as Horace Mann is moving from Addison to occupy the entire third floor of the building.

Summary of transaction details:

The individuals involved in this lease agreement include the landlords Lucy Billingsley and Henry Billingsley representing the Billingsley Co., and the tenant Horace Mann. The brokerage representation on behalf of the landlord was provided by Gini Rounsaville and Trevor Franke from JLL, while the tenant was represented by Ryan Buchanan and Josh White from CBRE.

Players

Josh White

CBRE

Broker

3 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