CBRE Sells Arlington's Stadium Drive Office Showroom To Undisclosed Buyer
801 Stadium Drive
Building Size
68,485 SF
Asset Type
Office
Closing
Sep 14, 2023
About this deal
AI
CBRE has sold Stadium Drive, a 68,485-square-foot office showroom project in Arlington, Texas. The property, located at 801-803 Stadium Drive, has been purchased by an undisclosed buyer. The asset is well-positioned for vertical redevelopment and benefits from flexible zoning in Arlington's entertainment corridor.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 68,485
- Address: 801-803 Stadium Drive
- Market: Arlington
- Seller: DSW Stadium Properties, LP
- Brokers: Thurston Witt & Johnny Dunn - CBRE
Thurston Witt and Johnny Dunn of CBRE were the brokers involved in the deal to sell Stadium Drive. Their expertise and negotiation skills played a crucial role in the successful transaction.
Players
Arlington 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