City Office REIT, Inc Acquires Lewisville Office Building For $43.8M
2911 Lake Vista Drive, Lewisville, Texas 75067, United States
$43,800,000
$261/SF
Building Size
167,344 SF
Asset Type
Office
Closing
Jun 14, 2022
About this deal
AI
The office property located at 2911 Lake Vista Drive in Lewisville, Dallas, was recently sold for a total of $43,800,000. The transaction took place on June 15, 2022. The property, owned by City Office REIT, Inc and represented by James Farrar, is situated in the Lewisville market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $43,800,000
- Seller: City Office REIT, Inc - James Farrar
James Farrar of City Office REIT, Inc represented the seller in this deal. The sale of the office property represents a significant transaction in the Lewisville market, showcasing the demand and value of commercial real estate in the area.
On the Map
$43,800,000
$261/SF
Office
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93