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601 Airport Drive, Mansfiel...

NexPoint Acquires Office Property In Mansfield From MAG Capital Partners
SOLDOffice

NexPoint Acquires Office Property In Mansfield From MAG Capital Partners

601 Airport Drive, Mansfield, TX, USA

Building Size

120,000 SF

Asset Type

Office

Closing

Dec 14, 2020

AI

The recently closed property transaction in Mansfield involved a 120,000 square foot office space located at 601 Airport Drive. The property sits on 7.56 acres and was sold on 15th December 2020.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Seller: MAG Capital Partners
  • Buyer: NexPoint
  • Broker: Stream Capital Partners

Dax T. S. Mitchell & Andrew Gi captured an image of the property, providing visual insight into the office asset.

Please note that additional information regarding the transaction, such as the sale price, loan amount, or market value, was not provided.

Players

Dax Mitchell

Broker

$1.1M

vol

3 deals

Broker
N
NexPointBuyer
MP
MAG Capital PartnersSeller

Mansfield 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