EvCap Investment And Brytar Companies Acquire School In Irving & Plano For $7.3M Loan
9930 Valley Ranch Parkway West, Irving, Texas 75063, United States
$7,300,000
$362/SF
Building Size
20,140 SF
Asset Type
Other
Closing
Oct 2, 2022
About this deal
AI
The property involved in this transaction is a school located at 9930 Valley Ranch Pkwy W & 3411 Los Rios Blvd in Irving & Plano. The school has a total area of 20,140 square feet. The transaction took place on October 3, 2022.
Summary of transaction details
- Property Type: School
- Transaction Amount: $7,300,000
- Loan Type: Acquisition & Construction
The landlord in this transaction was Brytar Companies represented by Scott Remphrey, and EvCap Investment represented by John Andreini and John R. Garibaldi. The broker involved in the deal was Kevan McCormack from Marcus & Millichap.
Irving Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93