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801 Stadium Drive

CBRE Sells Arlington's Stadium Drive Office Showroom To Undisclosed Buyer
SOLDOffice

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

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

W. Thurston Witt

CBRE

Broker

2 deals

Broker

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