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705 K Avenue, Plano, TX, USA

HYW Investments Leases Retail Space To RGB CustomPC & Best Restaurant Solutions On K Avenue In Plano
LEASEDRetail

HYW Investments Leases Retail Space To RGB CustomPC & Best Restaurant Solutions On K Avenue In Plano

705 K Avenue, Plano, TX, USA

Building Size

3,120 SF

Asset Type

Retail

Closing

Feb 3, 2021

AI

An 3,120 square foot retail property located at 705 K Avenue in Plano, Texas has been leased. The property is situated between downtown Plano and Richardson's CityLine, and it is owned by HYW Investments. The leasing transaction took place on 02/04/2021, with RGB CustomPC and Best Restaurant Solutions signing separate 1,560 square foot leases. The remaining space available for lease is also 3,120 square feet. The property is represented by Dan Looney and Nick Miller from Bright Realty.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 02/04/2021
  • Address: 705 K Avenue, Plano, Texas
  • Tenants: RGB CustomPC, Best Restaurant Solutions
  • Landlord: HYW Investments
  • Brokers: Dan Looney & Nick Miller - Bright Realty
  • Asking Rent: $15/ft.
  • Remaining Space for Lease: 3,120 sq. ft.

The leasing deal at 705 K Avenue in Plano involved the tenants RGB CustomPC and Best Restaurant Solutions. These companies have signed separate 1,560 square foot leases in the retail property. The location of the property offers a strategic position between downtown Plano and Richardson's CityLine. The deal was facilitated by the broker representatives Dan Looney and Nick Miller from Bright Realty. The remaining space for lease in the property is also 3,120 square feet.

Players

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker

Plano 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