Updated Dec 21, 2023
The Meritex Co. Acquires Industrial Property In Irving, Texas
1505 West Walnut Hill Lane, Irving, TX 75038
Building Size
—
Asset Type
Industrial
Closing
Jun 29, 2020
About this deal
AI
The industrial property located at 4400, 4450, and 4500 West Walnut Hill Road in Irving has been sold. The sale took place on June 29, 2021. The buyer in this transaction is The Meritex Co., represented by Paddy McNeely.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 4400, 4450, and 4500 West Walnut Hill Road, Irving
- Market: Irving
Paddy McNeely, from The Meritex Co., played a key role as the buyer's representative in this deal.
Traded’s record for 1505 West Walnut Hill Lane, Irving, TX 75038 in Irving, Texas covers a industrial sale from 2020. 1505 West Walnut Hill Lane, Irving, TX 75038 is classified as Industrial on Traded. This page is the Irving, Texas file for the 1505 West Walnut Hill Lane, Irving, TX 75038 industrial sold: pricing, party profiles, and other closed industrial comps from the same Irving sit in the Market section below. Filter that Irving industrial set by closing date to see what else sold near 1505 West Walnut Hill Lane, Irving, TX 75038 around 2020. Cite this The Meritex Co. Acquires Industrial Property In Irving, Texas sale when underwriting similar industrial product around Irving, Texas.
Players
Irving Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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