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
Dallas Office Market Snapshot
Boundary boundary · Office · 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