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
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.
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