Leon J. Backes Of Provident Industrial Acquires Industrial Building In Irving For Long-Term Hold
8225 Bent Branch Drive
Building Size
—
Asset Type
Industrial
Closing
May 22, 2025
AI
8225 Bent Branch Drive is a fully leased flex industrial building located in Irving, Texas. This property is strategically positioned near DFW Airport and I-635, making it a valuable asset in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 8225 Bent Branch Drive
- Market: Irving
- Buyer: Leon J. Backes - Provident Industrial
Leon J. Backes acquired the property on May 22, 2025, representing Provident Industrial in this transaction. This purchase marks the company's first acquisition of 2025, indicating a commitment to long-term investment in properties with strategic locations and national credit tenants.
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