Chobani LLC Leases 28,674 SF Office At The Tower At HALL Park In Frisco
6801 Gaylord Parkway
Building Size
28,674 SF
Asset Type
Office
Closing
Jan 30, 2025
AI
The property involved in this transaction is an office asset located at 6801 Gaylord Parkway in Frisco, encompassing a total of 28,674 square feet. The lease was signed on January 30, 2025, by Chobani LLC, which is relocating from Plano.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 6801 Gaylord Parkway
- Market: Frisco
- Landlord: Craig Hall - HALL Group
- Tenant: Hamdi Ulukaya - Chobani LLC
- Landlord's Representatives: Brad Gibson, Kim Butler, Rena Padachy - HALL Park
- Tenant's Representatives: Lee Wagner - Site Selection Group, Tim Stewart - TaTonka Real Estate Advisors
The representatives for the landlord, HALL Group, in this transaction include Brad Gibson, Kim Butler, and Rena Padachy. For the tenant, Chobani LLC, the representation was provided by Lee Wagner of Site Selection Group and Tim Stewart of TaTonka Real Estate Advisors.
Players
Frisco 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