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7500 Dallas Parkway, Plano,...

Carstens, Allen & Gourley Lease Office Space In Plano's 7500 Dallas Pkwy From Franklin Street Partners
LEASEDOffice

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

Roy Reis

Cresa

Broker

1 deal

Broker
Franklin Street Properties
Franklin Street 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