SOLDOffice
Northridge Capital Acquires Office In Irving From JP Realty
1925 West John W Carpenter Freeway, Irving, Texas 75063, United States
Building Size
400,000 SF
Asset Type
Office
Closing
Jun 12, 2022
AI
The property involved in this transaction is an office building located at 1925 West John Carpenter Freeway in Irving. The building has a total square footage of 400,000. The sale took place on June 13, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1925 West John Carpenter Freeway, Irving
- Market: Irving
- Buyer: Northridge Capital - David Jackson
- Seller: JP Realty
Northridge Capital, represented by David Jackson, was the buyer in this transaction, while JP Realty was the seller.
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