facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

1825 Lakeway Drive, Lewisvi...

Kennington Commercial Acquires Office Building At 1825 Lakeway Drive In Lewisville
SOLDOffice

Kennington Commercial Acquires Office Building At 1825 Lakeway Drive In Lewisville

1825 Lakeway Drive, Lewisville, Texas 75057, United States

Building Size

108,433 SF

Asset Type

Office

Closing

Feb 8, 2022

AI

Kennington Commercial, led by Clayton Kennington, has acquired an office property located at 1825 Lakeway Drive in Lewisville. The transaction took place on February 9, 2022, and the asset spans approximately 108,433 square feet. The property was purchased from Libitzky Property Companies.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 1825 Lakeway Drive, Lewisville
  • Market: Lewisville
  • Buyer: Kennington Commercial - Clayton Kennington
  • Seller: Libitzky Property Companies

The buyer's representative in this deal is Clayton Kennington from Kennington Commercial. The seller was represented by Tom Strohbehn and Scot Farber from Younger Partners.

Players

Tom Strohbehn

Young Partners

Broker

4 deals

Broker

Clayton Kennington

Kennington Commercial

Buyer

3 deals

Buyer

Libitzky

Libitzky Property Companies

Seller

$28.4M

vol

2 deals

Seller

Lewisville Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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