SOLDOffice
Ron Hebert Represents Sale Of 64,400 SF Office Property In Irving
1400 Corporate Dr, Irving, TX 75038, USA
Building Size
64,400 SF
Asset Type
Office
Closing
Jul 19, 2020
AI
The three-story, Class B office property located at 1400 Corporate Drive in Irving has been sold. The transaction took place on July 20, 2020. The property spans a total of 64,400 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 1400 Corporate Drive
- Market: Irving
- Broker: Ron Hebert - Marcus & Millichap
Ron Hebert from Marcus & Millichap represented the buyer/seller/landlord/tenant in the deal.
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