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5000 Quorum Dr, Dallas, TX ...

ComSovereign Leases Industrial Space At 5000 Quorum Drive In Addison, Dallas
LEASEDIndustrial

ComSovereign Leases Industrial Space At 5000 Quorum Drive In Addison, Dallas

5000 Quorum Dr, Dallas, TX 75254, USA

Building Size

15,289 SF

Asset Type

Industrial

Closing

Jun 9, 1920

AI

The industrial property located at 5000 Quorum Drive in Addison, Dallas has been leased. The lease transaction took place on June 9, 2020. The property, with a total square footage of 15,289, was leased to ComSovereign, represented by Daniel L. Hodges. The landlord of the property is G&I VIII 5000 Quorum L.P. Stream Realty Partners, along with Ryan Evanich, Chase Lopez, and Brandon Terrell from ICB Properties, acted as the brokers in this deal.

Summary of transaction details

  • Property Type: Industrial
  • Tenant: ComSovereign - Daniel L. Hodges
  • Landlord: G&I VIII 5000 Quorum L.P
  • Brokers: Stream Realty Partners - Ryan Evanich, Chase Lopez, & Brandon Terrell, ICB Properties
  • Address: 5000 Quorum Drive, Dallas
  • Market: Addison
  • Square Footage: 15,289

The lease transaction represents a successful collaboration between ComSovereign, G&I VIII 5000 Quorum L.P, and the broker team of Stream Realty Partners, including Ryan Evanich, Chase Lopez, and Brandon Terrell from ICB Properties. This deal highlights the demand for industrial properties in the Addison market, as well as the expertise and representation provided by the brokers involved.

Players

Brandon Terrell

Stream Realty Partners⁠

Broker

3 deals

Broker
GL
G&I VIII 5000 Quorum L.P.Landlord

Dallas Industrial Market Snapshot

Boundary boundary · Industrial · 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