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3625 W Royal Ln, Irving, TX...

Menlo Equities Acquires 505,948 SF Office Building In Irving From Partners Group & Accesso
SOLDOffice

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

Andrew Levy

JLL

Broker

$394.7M

vol

8 deals

Broker
ME
Menlo EquitiesBuyer
PG
Partners GroupSeller

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