Updated Dec 21, 2023
Adam Abushagur & Sam Martin Of Marcus & Millichap Sell 176,645 SF Industrial Property In Irving & Allen
8600 North Royal Lane, Irving, TX, USA
Building Size
176,645 SF
Asset Type
Industrial
Closing
Nov 8, 2020
About this deal
AI
An industrial property located at 8600 North Royal Lane & 1300 North Central Expressway in the markets of Irving & Allen has been sold. The transaction took place on 11/09/2020.
Summary of transaction details
- Property Type: Industrial
- Sale Price: Not available
- Square Footage: 176,645
- Acres: 11.3
- Market: Irving & Allen
The property, with 176,645 square feet of space, is situated on 11.3 acres of land. The exact sale price was not disclosed in the provided information. The transaction was facilitated by Adam Abushagur and Sam Martin of Marcus & Millichap, who acted as the brokers representing the parties involved in the deal.
Players
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