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2600 Rental Car Drive, Irvi...

CBRE Global Investors Acquires Industrial Property In Irving For 2,050,474 SF
SOLDIndustrial

CBRE Global Investors Acquires Industrial Property In Irving For 2,050,474 SF

2600 Rental Car Drive, Irving, TX, USA

Building Size

2,050,474 SF

Asset Type

Industrial

Closing

Aug 2, 2020

AI

The industrial property located at 2600, 2650, 2700, & 2800 Rental Car Drive in Irving has been sold in a recent transaction. The property spans over 2,050,474 square feet, making it a significant asset in the market.

Summary of transaction details

The deal involved the collaboration of Trammell Crow Company, represented by Jake Marks, and CBRE Global Investors. The seller's side was supported by CBRE brokers Ryan Thornton, Randy Baird, Jonathan Bryan, and Eliza Bachhuber. These key individuals and companies played a significant role in the successful transaction.

Players

Randy Baird

CBRE

Broker

23 deals

Broker
CBRE
CBRESeller

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