Updated Oct 29, 2024
Private Investor Acquires Property In Irving Texas Represented By Adam Abushagur Of Marcus & Millichap
1600 Corporate Ct, Irving, TX, 75038
Building Size
28,339 SF
Asset Type
Industrial
Closing
Jan 6, 2020
About this deal
AI
The property involved in the transaction is Walnut Hill Business Park II, an industrial building encompassing 28,339 square feet. It is located at 1600 Corporate Court in Irving, Texas, and was built in 1982. The property is situated on two acres approximately 13 miles west of Dallas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1600 Corporate Ct, Irving, TX, 75038
- Market: Irving
- Seller's Representative: Adam Abushagur, Marcus & Millichap
- Buyer: Private Investor
- Seller: Private Investor
- Square Footage: 28,339
Adam Abushagur of Marcus & Millichap represented the seller in this transaction and successfully procured the buyer, both of whom are private investors. The sale was arranged by Marcus & Millichap, highlighting the involvement of professionals in facilitating the deal.
Irving Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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