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7501 Esters Blvd, Irving, T...

Stanton Road Capital Acquires Office Property In Irving From Washington Capital Management
SOLDOffice

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

Stanton Road Capital
Stanton Road CapitalBuyer

Irving Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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