Louis Vuitton Acquires Office Building In Irving, TX
2901 Kinwest Parkway, Irving, TX 75063, USA
Building Size
160,000 SF
Asset Type
Office
Closing
Sep 7, 2021
About this deal
AI
The office asset located at 2901 Kinwest Parkway in Irving has been sold. The property spans a total of 160,000 square feet and was sold on September 7, 2021. The buyer in this transaction is Louis Vuitton USA Inc., represented by Michael Burke.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2901 Kinwest Parkway, Irving
- Market: Irving
- Square Footage: 160,000
Representing the buyer in this deal is Michael Burke from Louis Vuitton USA Inc.
Traded’s record for 2901 Kinwest Parkway, Irving, TX 75063, USA in Irving, Texas covers a office sale from 2021. The building is 160,000 square feet, implying about 0 per square foot on the published price. This page is the Irving, Texas file for the 2901 Kinwest Parkway, Irving, TX 75063, USA office sold: pricing, party profiles, and other closed office comps from the same Irving sit in the Market section below. Filter that Irving office set by closing date to see what else sold near 2901 Kinwest Parkway, Irving, TX 75063, USA around 2021. Cite this Louis Vuitton Acquires Office Building In Irving, TX sale when underwriting similar office product around Irving, Texas.
Players
Irving 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