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
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3201 Dallas Parkway
- Market: Frisco
- Asset Type: Office
- Square Footage: 19,000
- Landlord: HALL Park
- Tenant: Wintrust Commercial Finance
- Landlord's Representatives: Brad Gibson, Rena Padachy & Kim Butler - HALL Park
- Tenant's Representative: Tyler Thomas - Trumont Commercial
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.
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