Capital Commercial Investments Leases Office Space To J.C. Penney In Plano
6501 Legacy Drive, Plano, Texas 75024, United States
Building Size
318,067 SF
Asset Type
Office
Closing
May 18, 2022
About this deal
AI
Located at 6501 Legacy Dr in Plano, this office space spans 318,067 square feet. The lease transaction took place on May 19, 2022.
Summary of Transaction Details
- Property Type: Office
- Transaction Date: 05/19/2022
- Address: 6501 Legacy Dr
- Market: Plano
- Square Footage: 318,067
The landlord of this property is Capital Commercial Investments, while J.C. Penney is the tenant. The lease transaction was facilitated by Michael Brigance & Teddy Childers from Capital Commercial Investments.
Traded’s record for 6501 Legacy Drive, Plano, Texas 75024, United States in Plano, Texas covers a office lease from 2022. Published size for 6501 Legacy Drive, Plano, Texas 75024, United States is 318,067 square feet. Teddy Childers, Michael Brigance, Capital Commercial Investments appear on the lease alongside Capital Commercial Investments. This page is the Plano, Texas file for the 6501 Legacy Drive, Plano, Texas 75024, United States office leased: pricing, party profiles, and other closed office comps from the same Plano sit in the Market section below. Filter that Plano office set by closing date to see what else leased near 6501 Legacy Drive, Plano, Texas 75024, United States around 2022. Cite this Capital Commercial Investments Leases Office Space To J.C. Penney In Plano lease when underwriting similar office product around Plano, Texas.
Players
Plano Office Market Snapshot
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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