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2777 Lake Vista Drive, Lewi...

Updated Dec 19, 2023

CenterSquare Investment Management & Preferred Real Estate Investments Inc. Acquires Office Property In Lewisville
SOLDOffice

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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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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