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Paul Ellis' Foundry Commercial Acquires 287,000-Square-Foot Office Building In Irving
SOLD
Texas
See Similar DealsOffice287,000 SF
Sold 01/02/2024
SOLD
Paul Ellis' Foundry Commercial Acquires 287,000-Square-Foot Office Building In Irving
4000 Horizon Way
See Similar DealsOffice287,000 SF
Sold 01/02/2024
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:287,000 SF
Transaction Type:Sale
Foundry Commercial, represented by Paul Ellis from Foundry Commercial, has acquired a 287,000-square-foot office building located at 4000 Horizon Way in Irving. The property spans across 24.2 acres in the Irving market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 287,000
- Address: 4000 Horizon Way
- Market: Irving
- Buyer: Paul Ellis - Foundry Commercial
Foundry Commercial plans to convert the acquired office building into a 337,000-square-foot industrial facility. Construction for this project will commence in the first quarter. The conversion will provide additional space for industrial operations in the area.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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