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1255 Corporate Drive, Irvin...

Cawley Partners & Balfour Pacific Capital Acquire 150,000 SF Office In Irving From Highbrook Investors
SOLDOffice

Cawley Partners & Balfour Pacific Capital Acquire 150,000 SF Office In Irving From Highbrook Investors

1255 Corporate Drive, Irving, TX, USA

Building Size

150,000 SF

Asset Type

Office

Closing

Jan 10, 2021

AI

A 150,000 square foot office property located at 1255 Corporate Drive in Irving has been sold. The transaction took place on January 11, 2021. The property sits on 5 acres of land and was acquired by Cawley Partners & Balfour Pacific Capital. The seller of the property was Highbrook Investors. The deal was facilitated by brokers Parker McCormack and Andrew Levy of JLL.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1255 Corporate Drive
  • Market: Irving
  • Square Footage: 150,000
  • Acres: 5

The acquisition of this office property in Irving was made by Cawley Partners & Balfour Pacific Capital, with Highbrook Investors as the seller. The transaction was handled by Parker McCormack and Andrew Levy of JLL, who represented the parties involved.

Players

Parker McCormack

JLL

Broker

7 deals

Broker
CP
Cawley PartnersBuyer
HI
HighBrook InvestorsSeller

Irving Office Market Snapshot

Boundary boundary · Office · 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