Updated Oct 29, 2024
2201 Chemsearch BLVD
2201 Chemsearch BLVD, Irving, TX, 7...
Building Size
330,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
Chicago-based investment firm CenterPoint Properties has acquired an industrial facility situated at 2201 Chemsearch Blvd, Irving, TX, encompassing a total area of 330,000 square feet on an 18-acre lot. The property features include prominent frontage on State Highway 183, a clear height of 36 feet, a total of 47 dock doors, an ESFR sprinkler system, and designated parking for 59 trailers and 356 cars.
Summary of transaction details:
- Property Type: Industrial Facility
- Transaction Amount: Not disclosed
- Address: 2201 Chemsearch Blvd, Irving, TX
- Buyer: CenterPoint Properties
- Seller's Representatives: Josh McArtor - Eastdil Secured, Caitlin Clinton - Eastdil Secured
- Market: Irving
- Square Footage: 330,000
The involved parties in this transaction include the buyer CenterPoint Properties, along with brokers Josh McArtor and Caitlin Clinton, who represented the seller. The seller and developer details remain undisclosed.
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