CanTex Capital Acquires Industrial Buildings In Irving, TX From Robert Blankinship
600 N Wildwood Dr, Irving, TX, 75061
Building Size
400,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property located at 600 N Wildwood Dr, Irving, TX, 75061, spans 133,205 square feet and was built in 1975. NAI Robert Lynn facilitated the sale of this property, along with another adjacent building, with a total combined area of approximately 400,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 600 N Wildwood Dr, Irving, TX, 75061
- Market: Irving
- Square Footage: 400,000 square feet (combined total for two buildings)
- Seller's Representative: Robert Blankinship (NAI Capital)
- Buyer: CanTex Capital
Chase Miller and Robert Blankinship of NAI Robert Lynn played crucial roles in representing the undisclosed seller and facilitating the transaction with the buyer, CanTex Capital. The deal between the two parties involved the sale of the industrial property, marking a significant transaction in the Irving market.
Players
Irving Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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