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
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 2600, 2650, 2700, & 2800 Rental Car Drive
- Market: Irving
- Seller: Trammell Crow Company - Jake Marks, & CBRE Global Investors
- Seller's Brokers: Ryan Thornton, Randy Baird, Jonathan Bryan, & Eliza Bachhuber - CBRE
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
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