Crossroads Hyundai Acquires Industrial Property From Clay Cooley At 1500 East Airport Freeway
1500 East Airport Freeway
Building Size
58,640 SF
Asset Type
Industrial
Closing
Jan 30, 2025
AI
1500 East Airport Freeway is an industrial property located in Irving, Texas, comprising a building with a total floor area of 58,640 square feet situated on 8.41 acres of paved land. The property features frontage on Hwy-183, providing advantageous visibility and access.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1500 East Airport Freeway
- Market: Irving
- Building Size: 58,640 SF
- Land Area: 8.41 Acres
- Buyer: Crossroads Hyundai
- Seller: Clay Cooley
- Broker: David Guinn - Davidson Bogel Real Estate
The transaction involved Crossroads Hyundai as the buyer and Clay Cooley as the seller. David Guinn from Davidson Bogel Real Estate represented the seller in this deal, facilitating the transaction in the industrial market sector.
Players
Irving Industrial Market Snapshot
Boundary boundary · Industrial · 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