Carstens, Allen & Gourley Lease Office Space In Plano's 7500 Dallas Pkwy From Franklin Street Partners
7500 Dallas Parkway, Plano, Texas 75024, United States
Building Size
12,500 SF
Asset Type
Office
Closing
Sep 28, 2022
AI
An office space located at 7500 Dallas Pkwy in Plano has been leased in a closed transaction. The property spans approximately 12,500 square feet and was leased by Carstens, Allen & Gourley.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 09/29/2022
- Address: 7500 Dallas Pkwy
- Market: Plano
- Square Footage: 12,500
The lease was facilitated by Franklin Street Partners, who served as the landlord. The tenant, Carstens, Allen & Gourley, was represented by Roy Reis & Jim Hazard of Cresa. On the other hand, Russ Johnson & Lauren Perry from JLL represented the landlord in the deal.
Players
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