CenterSquare Investment Management & Preferred Real Estate Investments Inc. Acquires Office Property In Lewisville
2777 Lake Vista Drive, Lewisville, TX 75067, USA
Building Size
240,000 SF
Asset Type
Office
Closing
Aug 31, 2021
About this deal
AI
CenterSquare Investment Management and Preferred Real Estate Investments Inc. have recently purchased an office property in Lewisville. The property, located at 2777 Lake Vista Dr, spans an impressive 240,000 square feet. With its prime location and considerable size, this office asset offers great potential for the new owners. The transaction took place on August 31, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2777 Lake Vista Dr
- Market: Lewisville
- Square Footage: 240,000
This acquisition was made by CenterSquare Investment Management and Preferred Real Estate Investments Inc. These two entities were represented by their respective brokers in the deal. Unfortunately, the sales price for this transaction was not disclosed in the available information. Nevertheless, this purchase presents an exciting opportunity for the buyers in the Lewisville market.
Players
Lewisville 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