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2455 Mciver Lane, Carrollto...

Updated Oct 29, 2024

Crowd Restaurant Group Acquires 25.3K SF Office In Carrolton From 2455 McIver
SOLDOffice

Crowd Restaurant Group Acquires 25.3K SF Office In Carrolton From 2455 McIver

2455 Mciver Lane, Carrollton, Texas 75006, United States

Building Size

25 SF

Asset Type

Office

Closing

Apr 17, 2023

About this deal

AI

The office property located at 2455 McIver Lane in Carrolton has been sold. The transaction took place on 03/29/2023, and the property spans a total area of 25,300 square feet.

Summary of transaction details:

The buyer of the property is the Crowd Restaurant Group represented by Edgar Guevara. The seller is 2455 McIver. Pat Hanahan & Rick Currey from Fobare Commercial acted as the buyer's representatives, while Jim Struble from Jim Struble Realty represented the seller.

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Players

Pat Hanahan

Fobare Commercial

Broker

2 deals

Broker
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Carrollton 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

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