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
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