Updated Oct 28, 2024
Romit Cheema Of CanTex Capital Acquires Industrial Property In Irving With Representation From Chase Miller And Robert Blankinship
2205 East Pioneer Drive, Irving, Texas 75061, United States
Building Size
—
Asset Type
Industrial
Closing
Jan 18, 2022
About this deal
AI
An industrial property located at 2205-2255 East Pioneer Dr. and 600 North Wildwood Dr. in Irving has been sold. The transaction took place on January 18, 2022. The property is situated in the Irving market and is classified as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 01/18/2022
- Address: 2205-2255 East Pioneer Dr. & 600 North Wildwood Dr., Irving
Romit Cheema, representing CanTex Capital, acted as the buyer in the transaction. The deal was facilitated by Chase Miller and Robert Blankinship from NAI Robert Lynn, who served as brokers.
On the Map
Industrial
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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