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5057 Keller Springs Rd, Add...

Schell Cooley Leases 5,842 SF Office Space In Addison With Transwestern's Brokers
LEASEDOffice

Schell Cooley Leases 5,842 SF Office Space In Addison With Transwestern's Brokers

5057 Keller Springs Rd, Addison, TX 75001, USA

Building Size

58,420 SF

Asset Type

Office

Closing

Aug 26, 2020

AI

The office property located at 5057 Keller Springs in Addison has been leased. The transaction took place on August 27, 2020, with Schell Cooley as the tenant. The leasing deal was facilitated by Robert Deptula, Sanders Thompson, and Cheryl Bozarth of Transwestern.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 08/27/2020
  • Address: 5057 Keller Springs
  • Market: Addison
  • Square Footage: 5,842 SF
  • Tenant: Schell Cooley
  • Brokers: Robert Deptula, Sanders Thompson, & Cheryl Bozarth - Transwestern

The leasing deal for this office property exemplifies the expertise of Robert Deptula, Sanders Thompson, and Cheryl Bozarth from Transwestern in securing a tenant. Their knowledge of the Addison market and their client's requirements allowed them to successfully negotiate this agreement. The property offers 5,842 square feet of space, which will accommodate Schell Cooley's needs.

Players

Cheryl Bozarth

Transwestern

Broker

1 deal

Broker

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