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1500 East Airport Freeway

Crossroads Hyundai Acquires Industrial Property From Clay Cooley At 1500 East Airport Freeway
SOLDIndustrial

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

David Guinn

Davidson Bogel Real Estate

Broker

21 deals

Broker

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