Clear Technologies Inc Leases 8286 Square Feet At The Quorum In Dallas From Marc Grossfeld
14850 Quorum Drive
Building Size
8,286 SF
Asset Type
Office
Closing
May 21, 2025
About this deal
AI
The property asset involved in the transaction is an office space located at 14850 Quorum Drive, Dallas. The leased space spans 8,286 square feet. The landlord of the property is Sunwest Real Estate Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14850 Quorum Drive
- Market: Dallas
- Landlord: Marc Grossfeld - Sunwest Real Estate Group
- Tenant: Clear Technologies Inc
- Broker: Michael Doherty - Lincoln Property Company
Michael Doherty represented Clear Technologies Inc in this leasing transaction. The tenant is relocating from their previous address at 16415 Addison Road, marking a significant move for the company within the North Dallas area.
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