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
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