SOLD
Doug Agarwal Of Capital Commercial Investments Acquires Office In Irving For $9.1M
4200 Regent Boulevard
Office
164,000 SF
164,000 SF
Sold 45 days ago
Summary
Sale
TEXAS
Office
164,000 sqft
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.
Details
SOLD
IMAGE: Doug Agarwal
DATE: 03/25/2024
ADDRESS: 4200 Regent Boulevard
MARKET: Irving
ASSET TYPE: Office
BUYER: Doug Agarwal - Capital Commercial Investments
SALE PRICE: $9,100,000
SF: 164,000 ~ PPSF: $55
NOTE: Capital Commercial Investments recently bought a 164,000-square-foot office building in Irving, Texas, for $9.1 million, marking a price of $55 per square foot. Despite a low occupancy rate of 24%, the sale reflects ongoing distress in the office market amid remote work trends.View on map
Loading...
Address4200 Regent Boulevard
Comparables
Reset filters to show results.