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
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