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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 6275 West Plano Parkway
- Market: Plano
- Landlord: Lucy Billingsley & Henry Billingsley - Billingsley Co.
- Tenant: Horace Mann
- Landlord's REP: Gini Rounsaville & Trevor Franke - JLL
- Tenant's REP: Ryan Buchanan & Josh White - CBRE
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
Plano Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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