Freddie Mac Leases 155,000 SF Office Space In Plano With Mark B. Grier & Michael Hutchins
6333 Excellence Way, Plano, TX, USA
Building Size
155,000 SF
Asset Type
Office
Closing
May 25, 2020
About this deal
AI
Freddie Mac has leased an office space located at 6333 Excellence Way in Plano. The property, measuring 155,000 square feet, is situated in a prime location. The lease transaction was completed on May 25, 2021, with Mark B. Grier and Michael Hutchins representing Freddie Mac as tenants.
Summary of transaction details
- Property Type: Office
- Transaction Date: 05/25/2021
- Address: 6333 Excellence Way, Plano
- Market: Plano
- Square Footage: 155,000
Mark B. Grier and Michael Hutchins acted as representatives for Freddie Mac in this lease deal. They played a significant role in securing the office space for the company. The lease agreement between Freddie Mac and the property owner was successfully negotiated with their expertise.
Players
Plano Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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