Updated Dec 12, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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