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15301 Dallas Pkwy, Addison,...

BKM Sowan Horan, LLP Leases Office Space In Addison
LEASEDOffice

BKM Sowan Horan, LLP Leases Office Space In Addison

15301 Dallas Pkwy, Addison, TX 75001, USA

Building Size

8,854 SF

Asset Type

Office

Closing

Jun 29, 2020

AI

The property involved in this closed transaction is an office located at 15301 N. Dallas Parkway in Addison. The property has a total area of 8,854 square feet and is part of the office market.

Summary of transaction details

  • Property Type: Office
  • Tenant: BKM Sowan Horan, LLP – Richard Sowan
  • Landlord: Fortis Property Group – Joel Kestenbaum
  • Tenant's Representative: Cushman & Wakefield
  • Landlord's Representatives: J.J. Leonard & Ryan Evanich – Stream Realty Partners
  • Square Footage: 8,854

The deal was facilitated by Cushman & Wakefield acting as the tenant's representative. J.J. Leonard and Ryan Evanich from Stream Realty Partners represented the landlord in this transaction.

Players

Ryan Evanich

Stream Realty Partners⁠

Broker

6 deals

Broker

Joel Kestenbaum

Fortis Property Group

Landlord

$125.1M

vol

5 deals

Landlord

Addison 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