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3000 Texas Highway 161, Irv...

BentallGreenOak Acquires 1M SF Industrial Property In Irving From Invesco Real Estate & Perot Development Co
SOLDIndustrial

BentallGreenOak Acquires 1M SF Industrial Property In Irving From Invesco Real Estate & Perot Development Co

3000 Texas Highway 161, Irving, Texas 75038, United States

Building Size

1,000,000 SF

Asset Type

Industrial

Closing

Jun 28, 2022

AI

The industrial property located at 3000 State Highway 161, DFW Airport, TX 75261, has been sold in a recent transaction. The property, situated in Irving, spans approximately 1,000,000 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Market: Irving
  • Address: 3000 State Highway 161, DFW Airport, TX 75261

The buyer of the property is BentallGreenOak, while the sellers are Invesco Real Estate and Perot Development Co. The deal was facilitated by the brokerage team from JLL Capital Markets, consisting of Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, and Jack Copher.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
BentallGreenOak
BentallGreenOakBuyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Irving Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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