Marcus & Millichap Acquires Office In Irving From Joseph Jaques & Ron Hebert
4320 N Belt Line Rd, Irving, TX, USA
Building Size
64,688 SF
Asset Type
Office
Closing
Nov 16, 2021
AI
Joseph Jaques & Ron Hebert from Marcus & Millichap facilitated the sale of an office property located at 4320-4324 N Belt Line Rd in Irving. The transaction took place on November 16, 2021. The property spans an area of 64,688 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 4320-4324 N Belt Line Rd, Irving
- Market: Irving
- Brokers: Joseph Jaques & Ron Hebert - Marcus & Millichap
This deal was made possible through the expertise and representation of Joseph Jaques and Ron Hebert from Marcus & Millichap. They played a crucial role in facilitating the transaction, ensuring a successful outcome for all parties involved.
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