Benderson Development Acquires Land In Irving For $218M
SOLD
$218,000,000
Texas
See Similar Deals1,125,000 SF
Sold 02/16/20
SOLD
Benderson Development Acquires Land In Irving For $218M
777 Hidden Ridge, Irving, TX, USA
See Similar Deals1,125,000 SF
Sold 02/16/20
Summary
TEXAS
Price Per Square Foot:$193
Total Square Footage:1,125,000 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$774,507.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,033,431.22
Annual Debt Service$12,401,174.62
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