Menlo Equities Acquires 505,948 SF Office Building In Irving From Partners Group & Accesso
3625 W Royal Ln, Irving, TX, USA
Building Size
505,948 SF
Asset Type
Office
Closing
Sep 13, 2021
About this deal
AI
Menlo Equities has acquired an office property located at 3625 W Royal Ln in Irving. The transaction, which took place on September 13, 2021, involved the sale of the property by Partners Group and Accesso. The property spans a total area of 505,948 square feet and is situated in the Irving market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 3625 W Royal Ln, Irving
- Market: Irving
- Square Footage: 505,948
Todd Savage and Andrew Levy from JLL represented both the buyer, Menlo Equities, and the seller, Partners Group and Accesso, in the transaction.
On the Map
Office
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Players
Irving 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