Dominus Commercial & Convergent Capital Partners Acquire Office Building In Irving For $Undisclosed
600 East Las Colinas Boulevard, Irving, TX 75039, USA
Building Size
512,269 SF
Asset Type
Office
Closing
Aug 28, 2021
AI
An office property located at 600 East Las Colinas in Irving has been sold. The transaction took place on 08/28/2021, with a total area of 512,269 square feet. The property was acquired by Dominus Commercial and Convergent Capital Partners. The sale was facilitated by the brokers Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen from Newmark.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen from Newmark were the brokers involved in the deal.
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