SkyWalker Property Partners Acquires Office Building In Grand Prairie & McKinney
2505 North State Highway 360, Grand Prairie, Texas 75050, United States
Building Size
119 SF
Asset Type
Office
Closing
Jan 10, 2023
About this deal
AI
An office property located at 2505 N. State Highway 360 & 1400 N Coit Rd in Grand Prairie & McKinney has been sold. The property spans a total of 119,121 square feet and consists of 61 units. The sale was conducted by SkyWalker Property Partners, with Gary Walker serving as the representative.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Provided
- Address: 2505 N. State Highway 360 & 1400 N Coit Rd
- Market: Grand Prairie & McKinney
- Square Footage: 119,121
- Units: 61
The sale of the office property at 2505 N. State Highway 360 & 1400 N Coit Rd was finalized by SkyWalker Property Partners, with Gary Walker acting as their representative in the deal.
Players
Grand Prairie Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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