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14901 Quorum Drive

Independent Beauty Association Leases 2,459 SF Office Space In Dallas At 14901 Quorum Drive
LEASEDOffice

Independent Beauty Association Leases 2,459 SF Office Space In Dallas At 14901 Quorum Drive

14901 Quorum Drive

Building Size

2,459 SF

Asset Type

Office

Closing

Oct 16, 2023

AI

The Independent Beauty Association (IBA) has found a new corporate office location, ending their yearlong search. The national nonprofit, which represents the beauty and personal care industry, will be moving to 14901 Quorum Drive in Dallas. The office space spans 2,459 square feet and highlights the location's accessibility and amenities.

Summary of transaction details

Olivia Barnes, Chase Lopez, and Patrick Cruz from Stream Realty Partners represented the landlord, G&I Quorum Place LP, in this transaction. On the tenant's side, Jared Laake and Joe Santaularia from Bradford Commercial Real Estate Services served as the tenant's representatives.

Players

Chase Lopez

Stream Realty Partners⁠

Broker

7 deals

Broker

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