Benderson Development Acquires Land In Irving For $218M
777 Hidden Ridge, Irving, TX, USA
$218,000,000
$193/SF
Building Size
1,125,000 SF
Asset Type
—
Closing
Feb 16, 1920
About this deal
AI
An approximately 35-acre plot of land located at 777 Hidden Rdg. in Irving, Dallas, has been sold for a whopping $218,000,000. The property was acquired by Benderson Development, with Shaun Benderson acting as the representative. This transaction took place on February 17, 2020.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $218,000,000
- Address: 777 Hidden Rdg., Irving, Dallas
- Market: Irving
- Buyer: Benderson Development - Shaun Benderson
This significant deal marks the acquisition of a prime piece of land in Irving. The 35-acre property offers immense potential for development and presents an attractive opportunity for Benderson Development to make its mark in the local market.
On the Map
$218,000,000
$193/SF
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Players
Irving CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93