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3201 Dallas Parkway

Updated Dec 4, 2024

Wintrust Commercial Finance Leases 19,000 SF Office At 3201 Dallas Parkway In Frisco
LEASEDOffice

Wintrust Commercial Finance Leases 19,000 SF Office At 3201 Dallas Parkway In Frisco

3201 Dallas Parkway

Building Size

19,000 SF

Asset Type

Office

Closing

Oct 31, 2024

About this deal

AI

The property asset involved in this transaction is an office space located at 3201 Dallas Parkway in the Frisco market, featuring a total square footage of 19,000. The lease type is categorized as a NNN Lease.

Summary of transaction details:

The key individuals involved in the deal include landlord representatives Brad Gibson, Rena Padachy, and Kim Butler from HALL Park, alongside tenant representative Tyler Thomas from Trumont Commercial. This collaboration facilitated the leasing of the office space to Wintrust Commercial Finance.

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Players

Tyler Thomas

Trumont Commercial

Broker

2 deals

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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

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