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
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