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651 N Plano Rd, Richardson,...

Rise Power Leases 4,706 SF Office Space At 651 North Plano Road, Richardson
LEASEDRetail

Rise Power Leases 4,706 SF Office Space At 651 North Plano Road, Richardson

651 N Plano Rd, Richardson, TX 75081, USA

Building Size

73,630 SF

Asset Type

Retail

Closing

Aug 12, 2020

AI

The office property located at 651 North Plano Road in Richardson has been leased. The lease transaction was finalized on August 13, 2020. The property spans a total area of 4,706 square feet.

Summary of transaction details

Taylor Stell from Lee & Associates represented the tenant, Rise Power, in this lease transaction. Demarcus Owens served as the landlord's representative.

Players

DeMarcus Owens

Broker

1 deal

Broker
HR
Hartman Income REITLandlord

Richardson Retail Market Snapshot

Boundary boundary · Retail · 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