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3100 North State Highway 16...

Invesco Real Estate & Perot Development Company Sell Industrial Property In Irving For $Undisclosed
SOLDIndustrial

Invesco Real Estate & Perot Development Company Sell Industrial Property In Irving For $Undisclosed

3100 North State Highway 161, Grand Prairie, Texas 75050, United States

Building Size

219,000 SF

Asset Type

Industrial

Closing

Sep 12, 2022

AI

The industrial property located at 3100 State Highway 161 in Irving has been sold in a recent transaction. The property spans approximately 219,000 square feet and sits on 55.768 acres. The sale was completed on 09/13/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 3100 State Highway 161, Irving
  • Market: Irving
  • Size: 219,000 square feet
  • Acres: 55.768

The sale was facilitated by JLL Capital Markets, with brokers Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, and Jack Copher representing the seller. The property was owned by Invesco Real Estate and Perot Development Company.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Grand Prairie 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