Star Texan Properties LLC Acquires 36,879 SF Office In Wichita Falls
2236 Airport Drive, Wichita Falls, Texas 76306, United States
Building Size
36,879 SF
Asset Type
Office
Closing
May 1, 2022
About this deal
AI
Star Texan Properties LLC has recently acquired an office property located at 2236 Airport Freeway in Wichita Falls. The office building spans approximately 36,879 square feet and sits on 7 acres of land. The transaction took place on 05/02/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2236 Airport Freeway, Wichita Falls
- Market: Wichita Falls
- Square Footage: 36,879
- Acres: 7
The seller of the property was SkyWalker Property Partners, represented by Gary Walker from SCM Real Estate.
This acquisition by Star Texan Properties LLC marks a significant move in expanding their portfolio in the Wichita Falls market.
On the Map
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Wichita Falls Office Market Snapshot
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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