Stanton Road Capital Acquires Office Property In Irving From Washington Capital Management
7501 Esters Blvd, Irving, TX, USA
Building Size
176,700 SF
Asset Type
Office
Closing
Jan 20, 2021
AI
Two office properties located at 7501 & 7651 Esters Blvd. in Irving have been sold in a recent transaction. The properties have a combined total of 176,700 square feet of space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Date: 01/21/2021
- Seller: Washington Capital Management
- Buyer: Stanton Road Capital
- Broker: Newmark
- Market: Irving
It is important to note that the specific transaction amount was not disclosed.
Washington Capital Management served as the seller in this deal, while Stanton Road Capital acted as the buyer. Newmark represented both parties as the broker.
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