Ridgeline Capital Partners & Harrison Street Acquire 70,000 SF Medical Office In Irving
6121 State Hwy 161, Irving, Tx 75038, Estados Unidos
Building Size
700,000 SF
Asset Type
Office
Closing
Oct 5, 2020
AI
The medical office located at 6121 North State Highway 161 in Irving has been sold. The transaction took place on October 6, 2020. The property spans a total of 70,000 square feet and is situated on a 4.1-acre lot. At the time of the sale, the building was 82 percent leased to five tenants.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not provided
The buyers of this medical office property are Ridgeline Capital Partners and Harrison Street.
Players
Irving Office Market Snapshot
Boundary boundary · Office · Sale 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