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6275 West Plano Parkway

Chicago School Of Psychology Signs 18566 Square Foot Lease At 6275 West Plano Parkway
LEASEDOffice

Chicago School Of Psychology Signs 18566 Square Foot Lease At 6275 West Plano Parkway

6275 West Plano Parkway

Building Size

18,566 SF

Asset Type

Office

Closing

Dec 19, 2024

AI

The property involved in this lease transaction is located at 6275 West Plano Parkway in Plano, Texas, consisting of an office space that measures 18,566 square feet. The asset is positioned within the Plano market and is leased by the Chicago School of Psychology.

Summary of transaction details:

Gini Rounsaville and Trevor Franke represented the landlord, Billingsley Co., while Dean Collins served as the representative for the tenant, the Chicago School of Psychology. This lease agreement underscores the collaboration between the involved commercial real estate professionals.

Players

Trevor Franke

JLL

Broker

4 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