STRIVE Facilitates Sale Of 195172 Square Foot Office Complex In Irving For All-Cash Transaction
7301 Texas Highway 161
Building Size
195,172 SF
Asset Type
Office
Closing
Jan 23, 2025
AI
The property asset involved in the transaction is an office complex located at 7301 North State Highway 161 in Irving. The asset spans a total of 195,172 square feet and was 74% leased at the time of sale. The transaction was executed as an all-cash deal. Both parties involved in the sale opted to remain anonymous.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 7301 North State Highway 161
- Market: Irving
- Square Footage: 195,172
- Leased Percentage: 74%
- Transaction Type: All-cash
- Brokers: Jennifer Pierson & Parker Tims - STRIVE
Jennifer Pierson and Parker Tims represented STRIVE in the facilitation of this sale. The brokerage played a crucial role in the transaction, ensuring a seamless process for both the buyer and the seller, who chose to maintain their anonymity throughout 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