Texas Golf Association Leases 7,500 SF Office Space In Addison, Dallas With Reps From SIOR, Esrp, And Bradford Commercial
16200 Addison Rd, Addison, TX 75001, USA
Building Size
75,000 SF
Asset Type
Office
Closing
Jun 3, 1920
About this deal
AI
The office property located at 16200 Addison Road in Dallas has recently been leased. The transaction took place on June 4, 2020, and the asset consists of approximately 7,500 square feet. The property is situated in the Addison market.
Summary of transaction details
- Property Type: Office
- Tenant: Texas Golf Association – Rob Addington
- Broker: SIOR – Jarrett Dunaway, esrp – Amber Linville Gibson, Bradford Commercial – Melanie Hughes
- Square Footage: 7,500
The lease was secured by the Texas Golf Association, with Rob Addington representing the tenant. The deal was facilitated by several brokers, including Jarrett Dunaway from SIOR, Amber Linville Gibson from esrp, and Melanie Hughes from Bradford Commercial.
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