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600 N Wildwood Dr, Irving, ...

CanTex Capital Acquires Industrial Buildings In Irving, TX From Robert Blankinship
SOLDIndustrial

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

Robert Blankinship

NAI Global

Broker

2 deals

Broker
CanTex Capital
CanTex CapitalBuyer

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