Updated Oct 28, 2024
Pegasus Real Estate Acquires Industrial Property In Irving For 271,100 SF
4040 West Royal Lane, Irving, Texas 75063, United States
Building Size
271,100 SF
Asset Type
Industrial
Closing
Jan 9, 2022
About this deal
AI
An industrial property in Irving has been sold in a recent transaction. Located at 4040 W Royal Ln, 4823-4845 West Royal Lane & 8400-8432 Sterling Street, the property spans a total of 271,100 square feet. The sale was completed on January 10, 2022, with the buyer being Pegasus Real Estate and the seller being Fort Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 4040 W Royal Ln, 4823-4845 West Royal Lane & 8400-8432 Sterling Street
- Market: Irving
- Buyer: Pegasus Real Estate
- Seller: Fort Capital
The sale was facilitated by the JLL Capital Markets team, represented by Stephen Bailey, Dustin Volz, Wesley Gilmer, Pauli Kerr, Dustin Dulin, and Wyatt Simmons.
On the Map
Industrial
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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