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
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