Colliers International Brokers Sell 100% Leased Norwood Plaza Office Building
1550 Norwood Drive, Hurst, TX, USA
Building Size
44,245 SF
Asset Type
Office
Closing
Dec 20, 2020
AI
The Norwood Plaza office building located at 1550 Norwood Drive in Hurst has recently been sold. The sale took place on 12/21/2020. The property was 100% leased at the time of the sale and had a total of 27 tenants. The transaction was facilitated by brokers Mark Allen and Cody Payne of Colliers International.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1550 Norwood Drive, Hurst
- Market: Hurst
No additional information is available about the sale of the Norwood Plaza office building at this time.
Players
Hurst 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