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
- Property Type: Office
- Tenant: Rise Power
- Landlord: Hartman Income REIT
- Tenant's Representative: Taylor Stell - Lee & Associates
- Landlord's Representative: Demarcus Owens
- Market: Richardson
Taylor Stell from Lee & Associates represented the tenant, Rise Power, in this lease transaction. Demarcus Owens served as the landlord's representative.
Players
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