Updated Dec 12, 2024
ElmTree Partners Acquires Industrial Property In Irving From Perot Development Co. & Invesco Real Estate
5150 State Hwy 161Irving, TX 75038, USA
Building Size
219,000 SF
Asset Type
Industrial
Closing
Sep 14, 2022
About this deal
AI
The industrial property located at 5150 State Highway 161 in Irving has been sold in a recent transaction. The property spans across 219,000 square feet and is situated on approximately 196 acres. The sale took place on 09/15/2022.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5150 State Highway 161
- Market: Irving
- Square Footage: 219,000
- Acres: 196
ElmTree Partners acquired the property from Perot Development Co. and Invesco Real Estate. The transaction was facilitated by JLL, acting as the broker.
On the Map
Industrial
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Players
Lometa 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