Carstens, Allen & Gourley Leases 12500 Square Feet At 7500 Dallas Pkwy Plano From Franklin Street Partners
7500 Dallas Pkwy, Plano, TX, 75024
Building Size
12,500 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 7500 Dallas Pkwy, Plano, TX, 75024. It consists of an office lease for 12,500 square feet at One Legacy Circle, a newly renovated building situated in the Plano market.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Square Feet: 12,500
- Address: 7500 Dallas Pkwy, Plano, TX, 75024
- Tenant: Carstens, Allen & Gourley
- Landlord: Franklin Street Partners
- Tenant's Representative: Jim Hazard-Cresa
- Landlord's Representative: Lauren Perry-JLL
The deal was facilitated by Roy Reis and Jim Hazard from Cresa, who represented the tenant. Lauren Perry and Russ Johnson from JLL represented the landlord throughout the lease negotiations.
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