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
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