STRIVE Sells Irvingate Center To California-Based Investor
200 South Nursery Road
Building Size
29,962 SF
Asset Type
Retail
Closing
Jun 30, 2023
About this deal
AI
Irvingate Center, a 29,962-square-foot retail center in Irving, has been sold by STRIVE, a real estate agency, to a California-based investor. At the time of the sale, the property was 86 percent leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 200 South Nursery Road
- Market: Irving
- BROKERS: Hudson Lambert & Jason Vitorino - STRIVE
The deal was facilitated by Hudson Lambert and Jason Vitorino, representatives of STRIVE. The transaction marks a successful venture for both the seller and the buyer, as the retail center was highly occupied at the time of the sale.
On the Map
Retail
View full map
Players
Irving Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Irving retail sales on Traded.
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