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
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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