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16301 Quorum Dr, Addison, T...

Basis Technologies Leases 4,200 SF Industrial Space In Addison, TX
LEASEDIndustrial

Basis Technologies Leases 4,200 SF Industrial Space In Addison, TX

16301 Quorum Dr, Addison, TX, 75001

Building Size

4,200 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The property asset involved in the transaction is an industrial space located at 16301 Quorum Drive, Addison, TX, 75001. The leased area spans 4,200 square feet within the market of Addison. The landlord information is currently unknown.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Unknown
  • Square Feet: 4,200
  • Market: Addison
  • Tenant's Representative: Ryan Hoopes-Cushman & Wakefield
  • Landlord: Unknown

Basis Technologies, a British tech firm, has relocated its North American headquarters from Vancouver to Dallas. In conjunction with this move, the firm is planning to hire 100 additional employees in the U.S. over the next five years, with Ryan Hoopes of Colliers representing the company in the lease negotiations.

Players

Ryan Hoopes

Cushman & Wakefield

Broker

7 deals

Broker

Addison 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