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7301 Texas Highway 161

STRIVE Facilitates Sale Of 195172 Square Foot Office Complex In Irving For All-Cash Transaction
SOLDOffice

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

Parker Tims

Strive

Broker

2 deals

Broker

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