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
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14901 Quorum Drive
- Market: Dallas
- Landlord: G&I Quorum Place LP
- Tenant: Independent Beauty Association
- Landlord's Rep: Olivia Barnes, Chase Lopez, and Patrick Cruz (Stream Realty Partners)
- Tenant's Rep: Jared Laake & Joe Santaularia (Bradford Commercial Real Estate Services)
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
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