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
Arlington 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