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
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