Dilweg Acquires 622K SF Industrial Property In Irving
3201 West Royal Lane, Irving, Texas 75063, United States
Building Size
622,000 SF
Asset Type
Industrial
Closing
Mar 20, 2022
AI
A 622,000 square foot industrial property located at 3201 W Royal Ln in Irving, Texas was recently sold. The transaction took place on 03/21/2022, with a total of 9.2 acres of land included in the sale. The property is situated in the Irving market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3201 W Royal Ln, Irving
- Market: Irving
- Square Footage: 622,000
- Acres: 9.2
The buyer of the property was Dilweg, represented by Blake Underwood. The sale was facilitated by several brokers from CBRE, including Randy Baird, Patrick Benoist, Jonathan Bryan, Jared Chua, Michael Dewey, and Russell Ingrum.
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