Updated Oct 29, 2024
MetroTex Acquires Development Site At 2101 Kinwest Parkway In Irving
2101 Kinwest Pkwy, Irving, TX 75063, USA
Building Size
40,000 SF
Asset Type
Development Site
Closing
Jul 21, 2020
About this deal
AI
An office development site located at 2101 Kinwest Parkway in Irving has been sold in a recent transaction. The details of the deal were finalized on July 22, 2020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 2101 Kinwest Parkway, Irving
- Market: Irving
The seller of the development site was John Hammond, while the buyer was MetroTex represented by Terry Tremaine from ESRP. The seller was represented by Jagdish Godhwani from Beam Real Estate LLC, and the buyer was represented by Dave Castro, Sharon Morrison, and Susan Arledge, all from ESRP.
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Development Site
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Irving Development Site Market Snapshot
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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