Doug Agarwal Of Capital Commercial Investments Acquires Office In Irving For $9.1M

The office building located at 4200 Regent Boulevard in Irving, Texas, was recently purchased by Doug Agarwal of Capital Commercial Investments for $9.1 million. Spanning 164,000 square feet, the property was sold at a rate of $55 per square foot, despite having a low occupancy rate of 24%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,100,000
• Buyer: Doug Agarwal - Capital Commercial Investments
• Square Footage: 164,000
• Market: Irving

Doug Agarwal, representing Capital Commercial Investments, acquired the office building in Irving, Texas. The purchase reflects the ongoing distress in the office market, attributed to remote work trends despite the low occupancy rate of the property.