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
About this deal
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.
Traded’s record for 1400 Corporate Dr, Irving, TX 75038, USA in Irving, Texas covers a office sale from 2020. The building is 64,400 square feet, implying about 0 per square foot on the published price. Ron Hebert, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Irving, Texas file for the 1400 Corporate Dr, Irving, TX 75038, USA office sold: 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 sold near 1400 Corporate Dr, Irving, TX 75038, USA around 2020. Cite this Ron Hebert Represents Sale Of 64,400 SF Office Property In Irving sale when underwriting similar office product around Irving, Texas.
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