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6500 Chase Oaks Boulevard, ...

Peloton Leases 103,750 SF Office Space At 6500 Chase Oaks Blvd In Plano With Tenant's Rep Baron Aldrine & Michael Conner - CBRE And Landlord's Rep Nathan Durham & Duane Henley - Transwestern
LEASEDOffice

Peloton Leases 103,750 SF Office Space At 6500 Chase Oaks Blvd In Plano With Tenant's Rep Baron Aldrine & Michael Conner - CBRE And Landlord's Rep Nathan Durham & Duane Henley - Transwestern

6500 Chase Oaks Boulevard, Plano, TX, USA

Building Size

103,750 SF

Asset Type

Office

Closing

Dec 9, 2020

AI

An office space located at 6500 Chase Oaks Boulevard in Plano was leased on December 10, 2020. The property has a total square footage of 103,750 and is owned by Regent Properties.

Summary of transaction details

Peloton, a well-known fitness company, secured the lease for this office space. The deal was facilitated by Baron Aldrine and Michael Conner from CBRE, representing Peloton, while Nathan Durham and Duane Henley from Transwestern represented Regent Properties.

Players

Nathan Durham

Newmark

Broker

6 deals

Broker
Regent Properties
Regent PropertiesLandlord

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