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910 N Davis Dr Arlington, T...

Terracotta Management Acquires Office Building In Arlington For 7,721 SF
SOLDOffice

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

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.

Players

Joseph Nelson

Broker

$11M

vol

3 deals

Broker

Jason Burger

Terracotta Management

Buyer

3 deals

Buyer

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