Listing Agency: Transwestern | Dallas l***@transwestern.com Show Phone

Listed By: Paul Wittorf · License #707829 Show Phone

Source: Moodyscre

Added: Jan 30, 2023 Changed: Jul 10 Last Checked: Jul 21 at 7:01AM

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Investment Insights

Based on property information with market context.

This modern office building, known as The Tennyson, offers 105,000 square feet of space designed for the contemporary office worker. The property features newly renovated indoor and outdoor amenities, including a high-end coffee bar and a speakeasy suitable for after-work social events. Fitness enthusiasts will appreciate the top-of-the-line exercise equipment available. Food trucks are present year-round, providing convenient dining options. The building offers efficient, rectangular floor plates of 35,000 square feet. Parking is ample, with a ratio of 5.8 spaces per 1,000 square feet, including covered parking at a ratio of 4.8 spaces per 1,000 square feet.

Key Highlights

• High parking ratio (5.8:1,000) including covered parking (4.8:1,000)
• Efficient 35,000 SF rectangular floor plates
• Newly renovated indoor and outdoor amenities

Property Analytics

Property Profile

Current Use

Pape-Dawson Engineers Engineering Consultant Qualtrics (Bike/Boat/Book/etc) Store DIRTT Construction Company Amdocs Office Corporate Office The Tennyson Corporate Office

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Barber Shop Auto Repair Shop Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.65 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

421

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Plano, TX

$24.65 /SF/Yr

Avg Asking Price

$0.74–$47 /SF/Yr

Price Range

62,454 SF

Avg Space Size

This space is priced 26% above the average of $24.65 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Newly renovated office building with modern amenities and efficient floorplates.

Where is this office building located?

The property is located at 6105 Tennyson Pkwy Plano, TX.

What is the lease rate?

The lease rate is $31 SF/Yr.

What are key features of this property?

This property features: High parking ratio (5.8:1,000) including covered parking (4.8:1,000); Efficient 35,000 SF rectangular floor plates; Newly renovated indoor and outdoor amenities