Updated Oct 29, 2024
Heritage Auctions Leases 160,000 SF Industrial Space In Irving, Dallas
2801 West Airport Freeway
Building Size
160,000 SF
Asset Type
Industrial
Closing
Jun 3, 2020
About this deal
AI
An industrial property located at 2801 W. Airport Freeway in Dallas has been leased in a transaction that closed on 06/04/20. The property, situated in the Irving market, spans 160,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Heritage Auctions - Steve Ivy
- Landlord: Bandera Ventures - Tom Leiser
- Address: 2801 W. Airport Freeway, Dallas
- Market: Irving
- Square footage: 160,000
The lease deal was facilitated by Transwestern represented by Nora Hogan, Robert Deptula, & Jordan Wade, along with HPI Real Estate Services & Investments represented by Mark Hayes.
On the Map
Industrial
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Players
Irving Industrial Market Snapshot
Boundary boundary · Industrial · 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