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3201 West Royal Lane, Irvin...

Dilweg Acquires 622K SF Industrial Property In Irving
SOLDIndustrial

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

Randy Baird

CBRE

Broker

23 deals

Broker
D
DilwegBuyer

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