Terracotta Management Acquires Office Building In Arlington For 7,721 SF
910 N Davis Dr Arlington, TX 76012, USA
Building Size
7,721 SF
Asset Type
Office
Closing
Sep 7, 2023
About this deal
AI
A 7,721 square foot office property located at 910 North Davis Drive in Arlington has been sold. The property was acquired by Terracotta Management, represented by Jason Burger and Hugo Li. The seller, Key Whitman Eye Center, was represented by Andrew Fagundo of Matthews Real Estate Investment Services.
Summary of transaction details
- Property Type: Office
Terracotta Management, led by Jason Burger and Hugo Li, purchased the office property at 910 North Davis Drive in Arlington. The property, spanning 7,721 square feet, was sold by Key Whitman Eye Center. Joseph Nelson, representing Terracotta Management, facilitated the transaction as the buyer's representative, while Andrew Fagundo of Matthews Real Estate Investment Services acted as the seller's representative.
On the Map
Office
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Market 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