StanCorp Mortgage Investors Secures $11.7M Loan For Office Property In Irving, TX
104 Decker Court, Irving, Texas 75062, United States
$11,700,000
$117,000/SF
Building Size
100 SF
Asset Type
Office
Closing
Nov 22, 2022
About this deal
AI
104 Decker Court in Irving, TX has recently undergone a closed property transaction. This office space, spanning approximately 100,000 square feet, was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,700,000
- Market: Irving, TX
StanCorp Mortgage Investors acted as the landlord for this transaction. The loan amount for the acquisition was $11,700,000, and it was secured through an acquisition loan.
The office loan at 104 Decker Court, Irving, Texas 75062, United States in Irving, Texas financed for $11.7M in 2022. The building is 100 square feet, implying about 117K per square foot on the published price. This page is the Irving, Texas file for the 104 Decker Court, Irving, Texas 75062, United States office financed: pricing, party profiles, and other closed office comps from the same Irving sit in the Market section below. Filter that Irving office set by closing date to see what else financed near 104 Decker Court, Irving, Texas 75062, United States around 2022. Published consideration for 104 Decker Court, Irving, Texas 75062, United States is $11.7M, dated 2022. Cite this StanCorp Mortgage Investors Secures $11.7M Loan For Office Property In Irving, TX loan when underwriting similar office product around Irving, Texas.
On the Map
$11,700,000
$117,000/SF
Office
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Players
Irving Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93