facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Lease

/

14800 Quorum Drive

Morrow Hill Expands Office Space At 14800 Quorum Drive In North Dallas
LEASEDOffice

Morrow Hill Expands Office Space At 14800 Quorum Drive In North Dallas

14800 Quorum Drive

Building Size

17,501 SF

Asset Type

Office

Closing

Dec 5, 2023

AI

Morrow Hill, a Dallas-based real estate firm, has expanded its office space by 17,501 square feet at 14800 Quorum Drive in North Dallas. The five-story building, constructed in 1980 and totaling 106,600 square feet, is owned by Boxer Property Group.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 14800 Quorum Drive
  • Market: Dallas
  • Square footage: 17,501

The landlord in this deal is Boxer Property Group, while the tenant is Morrow Hill. The landlord's representative, Adam Toth from Boxer Property, and the tenant's representative, Chris Morrow from Morrow Hill Commercial Real Estate, were involved in the transaction.

Players

Chris Morrow

Morrow Hill Commercial Real Estate

Broker

1 deal

Broker
BG
Boxer Property GroupLandlord

Dallas Office Market Snapshot

Boundary boundary · Office · 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